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110 N MARTIN LUTHER KING JR AVENUE #A, Clearwater, FL 33755
Recent building work includes a replacement roof, new AC units, updated electrical systems, and renovated bathrooms.
Property Size1,030 SF
Price / SF$25.63
Days on Market4
Property Features for 110 N MARTIN LUTHER KING JR AVENUE #A
General Information
Standard status
Active
Size
1,030 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Amenities
landscaped pathway
mural
0.14 acres, Dimensions: 60x90
Public Sewer
Additional parcels description:, Parcel Number: 15-29-15-53928-001-XXXX, Public Survey Range: 15, Public Survey Section: 15, Annual Amount: $6,870.05, Tax Block: 1, Tax Book Number: 1-41, Legal Description: MCMULLEN'S, SARAH SUB BLK 1, S 1/2 OF LOT 10, Lot: 10, Year: 2025, Zoning: C
Ceramic Tile
Mini-Split Unit(s)
Heat Pump
Listing ID: MFRTB8559940, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-10-20
Ground Level
Built in 1951, Living area: 1030, Living area units: Square Feet, Building faces East, 1 storey, Construction Materials: Block
Subdivision: MCMULLENS SARAH SUB, MLS Area (Major): 33755 - Clearwater, County/Parish: Pinellas
Completed, Leasable area: 1030
Electricity Available, Public, Water Connected, Water Source: Public, 2 separate electric meters
Slab
Electricity, Grounds Care, Internet, Insurance, Pro-rated, Taxes, Sewer, Telephone, Trash Collection, Water
Frontage Type: City Street, Road Surface: Asphalt
Building Details
Year Built
1951
Listing Agency:
VIEWPOINT REALTY INTERNATIONAL
(727) 584-7355
Listed By:
Anthony Maccaroni · License #3304442
(727) 641-0271
Source:
Miharaandassociates
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VIEWPOINT REALTY INTERNATIONAL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This downtown Clearwater storefront has undergone extensive building work, including a new roof, AC units, electrical systems, drywall, stucco, and exterior details. Bathrooms have also been updated. A locally created mural adds a distinctive visual element to the property.
Parking options include a private off-street lot, employee parking, and on-street spaces. A landscaped, illuminated walkway leads to the front entrance. The property is on a downtown Clearwater road near Drew Street and N. Martin Luther King Jr. Avenue, with access to Grove Street parking nearby.
Parking options include a private off-street lot, employee parking, and on-street spaces. A landscaped, illuminated walkway leads to the front entrance. The property is on a downtown Clearwater road near Drew Street and N. Martin Luther King Jr. Avenue, with access to Grove Street parking nearby.
Key Highlights
- Recent work includes a new roof, AC units, electrical systems, drywall, stucco, exterior details, and updated bathrooms
- Private off‑street parking lot, employee parking, and on‑street parking
- Landscaped, illuminated walkway leading to the front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,329
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,580
$246.6K
Cap Rate 7%
$176,129
$176.1K
Cap Rate 9%
$136,989
$137.0K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$18.5K $18.00/SF
− Vacancy
−$927 −$0.90/SF
EGI
$17.6K $17.10/SF
− OpEx
−$5.3K −$5.13/SF
NOI
$12.3K $11.97/SF
Area
Clearwater, FL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,580
Cap Rate 7%
$176,129
Cap Rate 9%
$136,989
Alternative Uses
Best Use
Retail
$176.1K
$154.1K – $205.5K
NOI $12,329 @ 7.0% cap · market cap 46.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.0K
$252.9K – $337.1K
NOI $20,228 @ 7.0% cap · market cap 76.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Dana Dineen Floral Design — 535 Rogers St, Clearwater, FL 33756
- Pocket Bloomers — 983 Park St, Clearwater, FL 33755
Frequently Asked Questions
What type of property is this?
Storefront property - Recent building work includes a replacement roof, new AC units, updated electrical systems, and renovated bathrooms.
Where is this storefront property located?
The property is located at 110 N MARTIN LUTHER KING JR AVENUE #A Clearwater, FL.
What are key features of this property?
This property features: Recent work includes a new roof, AC units, electrical systems, drywall, stucco, exterior details, and updated bathrooms; Private off‑street parking lot, employee parking, and on‑street parking; Landscaped, illuminated walkway leading to the front entrance
