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2644 STATE RD 590
CLEARWATER, FL 33759-2227
Asking Price
$800K
Asset Type
Storefront Retail
Class
Class B
What's Special
Repurpose / Redevelopment Opportunity <p>ATTRACTIVE ACQUISITION BASIS</p><p>• Low Entry Point in Clearwater, FL: Offered at $800,000, the property provides an attractive acquisition basis within the Clearwater market.</p><p>• Competitive Price Per Square Foot: Priced at approximately $165/SF, the asset offers a low cost basis for a freestanding building in the Tampa Bay MSA.</p><p>• Freestanding Building on Nearly Half an Acre: The property consists of a 4,862 SF building situated on 0.46 acres, providing flexibility for future use
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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.54%
Monthly Payment
$3,957.964
Annual Cash Flow
$32,504.438
