Renovated Single-Unit Retail
1152 Court Street Clearwater, FL 33756
1152 Court Street, Clearwater, FL, 33756
$1,800,000
For Sale
$1,800,000
Renovated 7,668 SF single-unit retail building with a new roof, siding, canopy, and updated exterior improvements.
Property Size7,668 SF
Price / SF$234.74
Days on Market106
Property Features for 1152 Court Street
General Information
- Standard status
- Active
- Size
- 7,668 SF
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 1965
Listing agency
Grimaldi Commercial Realty Corp.
Listed by
Rosa Rondinelli · License #SL3418711
Source
Commercialcafe
Added: Apr 8 Updated: Jul 21 at 2:09AM Checked: Jul 22 at 4:39AM
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 Grimaldi Commercial Realty Corp.
Investment Insights
Based on property information with market context.
This renovated single-unit retail building totals 7,668 SF and is presented as one contiguous space. The exterior and key building components were updated in 2024, including a new roof, siding, canopy, parking pavement, signage, and outside paint. The layout is designed for straightforward interior configuration, with clear sightlines and practical circulation throughout the space.
The property is located at 1152 Court Street in Clearwater and sits within the D-Downtown zone described in the remarks, which the seller notes supports multiple business categories including retail, restaurants, personal services, and office uses.
The seller also indicates a preference to sell the vacant land together with the adjacent or related property on Madison Ave S, Clearwater, as part of a larger combined redevelopment or expansion opportunity.
The property is located at 1152 Court Street in Clearwater and sits within the D-Downtown zone described in the remarks, which the seller notes supports multiple business categories including retail, restaurants, personal services, and office uses.
The seller also indicates a preference to sell the vacant land together with the adjacent or related property on Madison Ave S, Clearwater, as part of a larger combined redevelopment or expansion opportunity.
Key Highlights
- 7,668 SF single‑unit retail building with a single tenant space and streamlined layout
- Renovated in 2024 with new roof, siding, canopy, parking pavement, signage, and outside paint
- Downtown (D‑Downtown) zoning allows multiple business uses including retail, restaurants/cafes/bars, personal services, and office
Local Financial Insights For Retail
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 | $138.0k | $18.00 |
| − Vacancy | −$6.9k | −$0.90 |
| EGI | $131.1k | $17.10 |
| − OpEx | −$39.3k | −$5.13 |
| NOI | $91.8k | $11.97 |
7,668 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,786 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,593 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fashion Cleaners & Shirt ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Dana Dineen Floral Design — 535 Rogers St, Clearwater, FL 33756
- Pocket Bloomers — 983 Park St, Clearwater, FL 33755
FAQs
What type of property is this?
Storefront property - Renovated 7,668 SF single-unit retail building with a new roof, siding, canopy, and updated exterior improvements.
Where is this storefront property located?
The property is located at 1152 Court Street Clearwater, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,668 SF single‑unit retail building with a single tenant space and streamlined layout; Renovated in 2024 with new roof, siding, canopy, parking pavement, signage, and outside paint; Downtown (D‑Downtown) zoning allows multiple business uses including retail, restaurants/cafes/bars, personal services, and office
