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Medical Office Building with Two Entrances

108 4TH AVENUE S Safety Harbor, FL 34695

108 4TH AVENUE S, Safety Harbor, FL, 34695
$1,299,000
Pending
For Sale
Claim this Listing
$1,299,000
Pending

Office - SAFETY HARBOR, FL

Property Size3,812 SF
Lot Size0.16 Acres
AddedDec 29, 2025
Days on Market198
Last RefreshJul 15 at 1:06 pm

Property Features for 108 4TH AVENUE S

General Information

Property type
Commercial Sale
Property subtype
Office
Zoning
MSM
Standard status
Pending
APN
03-29-16-33372-013-0040
Size
3,812 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
9202

Utilities

Cooling system
Central Air

Building Details

Year built
1957
Building materials
Block, Stucco
Architectural style
Other

Listing agent Alexander Lucke License #3351552

Listing office KELLER WILLIAMS TAMPA PROP. 5020 W Linebaugh Ave Ste 100, Tampa, FL

Listing date Dec 29, 2025

MLS# TB8459294 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

108 4th Avenue South is a 3,812-square-foot, professionally configured office building constructed in 1957. The property is currently set up as a medical office and includes a front waiting area with a reception desk, ten private offices, a dedicated conference room, three restrooms, and a kitchen. The efficient interior design supports day-to-day patient or client flow while offering adaptable space for a range of professional services. For convenience and usability, the building has two primary entrances located on the east and west sides, which can support convenient access and more practical internal movement for staff and visitors.

The property is positioned just off Main Street in downtown Safety Harbor, providing visibility and immediate proximity to local dining, shopping, breweries, waterfront parks, and community amenities. It is also steps away from the Third Friday Street Festival, a monthly event that brings consistent activity to the area.

With its medical office configuration and flexible layout, this property is well-suited for an owner-user looking to purchase a functional professional space in a walkable small-town setting. It may also appeal to investors seeking a dependable office asset with a straightforward floor plan that can accommodate medical, legal, financial, counseling, or general office operations.

Key Highlights

  • Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.
  • Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.
  • Highly functional 3,812 SF office building suitable for owner‑user or investor.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $99.3k $26.04
− Vacancy −$20.3k −$5.34
EGI $78.9k $20.70
− OpEx −$19.7k −$5.18
NOI $59.2k $15.53
3,812 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$845.5K
$739.8K – $986.4K (±1% cap)
NOI $59,186 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$502.3K
$439.5K – $586.0K (±1% cap)
NOI $35,159 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$991.5K
$867.6K – $1.16M (±1% cap)
NOI $69,407 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Chase Real Estate, ... Real Estate Agency Jacqueline M. Linder, ... Alternative Medicine Practice The Bailey Psychology Group Physician Scott Parttridg Pineywoods ... Real Estate Agency Dr. Melissa Bailey-Arizpe Physician

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Daycare Center Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Turnkey medical office layout with private offices, conference room, and dual east-west entrances for flexible professional use.
Where is this office building located?
The property is located at 108 4TH AVENUE S Safety Harbor, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.; Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.; Highly functional 3,812 SF office building suitable for owner‑user or investor.
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