For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,900,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 23,562 sqft
Price per Sqft $207
MLS Listing ID T3462799
Sold Date 11/01/23
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1972
Annual Tax Amount $26,684
Lot Size 0.800 Acres
Acres 0.8
Property Description
Proud to introduce an exceptional investment opportunity that you won't want to miss. Recently renovated, three-story office building at 3118 Gulf to Bay Boulevard, Clearwater, Florida. This attractive building boasts 23,562 square feet of office space, sitting proudly on .8 acres of prime real estate. Following an extensive renovation in 2022, the building now showcases a host of modern features and amenities. These include a stunning marble lobby, convenient passenger elevators, a range of flexible executive suites from 100 to 939 square feet, contemporary interior office finishes, 24-hour security access, and prominent monument signage. With a current occupancy rate of 96%, the tenant mix is both diverse and reliable, promising a low-maintenance, income-producing investment. The building’s central location in Clearwater, a picturesque coastal city within the Tampa Bay MSA, ensures it benefits from exposure to over 50,000 passing vehicles daily. As part of the 18th largest metro area in the country, Clearwater houses over 3.1 million residents. The local Bayside submarket has demonstrated strong performance across the office segment, with rents increasing 3.8% year-over-year. Furthermore, tightening vacancies due to zero new inventory in the market over the last year underlines the robust demand. An investment in Clearwater reaps the benefits of a best-in-class demographic profile. Within a five-mile radius of the property, there is a growing population of over 187,903 residents with 92% high school graduates and 65% pursuing higher education, resulting in a higher than average household income and impressive consumer spending of over $2.3 billion across 2022. The combination of modern renovations, high occupancy, and a central location in the burgeoning Tampa Bay metro area makes 3118 Gulf To Bay Boulevard an ideal investment opportunity. Motivated Seller will respond to all offers the same day so hurry! Call, view, make offer and get response today!
Location
State FL
County Pinellas
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Story 3
Foundation Block
Lot Size Range 1/2 to less than 1
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with REALTY ONE GROUP ADVANTAGE