1255 Cleveland St

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1255 Cleveland St

clearwater, FL 33755
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

1255 Cleveland Street is situated in the downtown district of Clearwater, Florida, characterized by a mix of professional services and retail establishments. The property is positioned along a primary east-west thoroughfare, providing direct access to the Clearwater Memorial Causeway and nearby Gulf beaches. Local amenities within walking distance include the Pinellas County Justice Center, various dining options, and municipal offices. The location is served by the Pinellas Suncoast Transit Authority, with multiple bus stops located along the Cleveland Street corridor, facilitating commuter access from the greater Tampa Bay region. This office asset is suited for professional service firms, including legal practices, accounting offices, and administrative headquarters. The proximity to government and judicial buildings makes it a functional site for satellite offices or consultancy businesses requiring frequent interaction with local agencies. Typical tenants include small to mid-sized enterprises seeking a central location with visibility and accessibility for clients. The floor plate configurations typically support partitioned private offices or open-plan collaborative spaces, catering to healthcare administrators, insurance agencies, and creative service providers looking for a established commercial setting.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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