Freestanding Office and Retail
1201 S Myrtle Avenue CLEARWATER Clearwater, FL 33756
1201 S Myrtle Avenue CLEARWATER, Clearwater, FL, 33756
$1,375,000
For Sale
$1,375,000
Freestanding building with a functional layout, ample on-site parking, and high visibility along a busy Clearwater corridor.
Property Size3,561 SF
Price / SF$386.13
Days on Market10
Property Features for 1201 S Myrtle Avenue CLEARWATER
General Information
- Standard status
- Active
- Size
- 3,561 SF
Building Details
- Year Built
- 1963
Listing Agency
(904) 569-5862
Listed by
Morgan Friesen
(904) 569-5862
Source
Movetojacksonville
Added: Jul 7 Checked: Jul 16 at 2:01 am
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 Morgan Friesen
Investment Insights
Based on property information with market context.
This freestanding commercial building at 1201 S Myrtle Avenue offers a functional interior layout suited for office, medical, professional services, or retail use. The property is positioned on a sizable lot, providing flexibility for a range of business operations. Ample on-site parking supports convenient day-to-day access for employees and customers.
The building is located along a well-traveled corridor in Clearwater, with easy ingress and egress from S Myrtle Ave. Access is convenient to Gulf to Bay Blvd and S Missouri Ave, and the site is described as having high visibility. The property is also within minutes of Clearwater Plaza, Downtown Clearwater, and Morton Plant Hospital.
For an owner-user, the configuration supports multi-purpose use across office, medical, and professional service needs, with parking on site for client convenience. For investors or occupiers seeking a centrally located freestanding asset, the versatile layout and location near established commercial and medical corridors can support a variety of tenant types, subject to applicable use requirements.
The building is located along a well-traveled corridor in Clearwater, with easy ingress and egress from S Myrtle Ave. Access is convenient to Gulf to Bay Blvd and S Missouri Ave, and the site is described as having high visibility. The property is also within minutes of Clearwater Plaza, Downtown Clearwater, and Morton Plant Hospital.
For an owner-user, the configuration supports multi-purpose use across office, medical, and professional service needs, with parking on site for client convenience. For investors or occupiers seeking a centrally located freestanding asset, the versatile layout and location near established commercial and medical corridors can support a variety of tenant types, subject to applicable use requirements.
Key Highlights
- Freestanding 1‑story commercial building at 1201 S Myrtle Ave, built in 1963, with 3,757 SF total building area
- Corner lot in Clearwater’s Central Business District with 0.34‑acre (14,911 SF) lot size
- On‑site parking for 19 to 30 spaces with ground‑level access and lighted parking
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 | $92.7k | $26.04 |
| − Vacancy | −$7.1k | −$2.01 |
| EGI | $85.6k | $24.03 |
| − OpEx | −$21.4k | −$6.01 |
| NOI | $64.2k | $18.03 |
3,561 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$917.0K
$802.4K – $1.07M
NOI $64,191 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$670.3K
$586.5K – $782.0K
NOI $46,920 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$999.1K
$874.2K – $1.17M
NOI $69,935 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Academic Alliance - Clearwater
Medical Clinic
Akins Daniel L ...
Physician
Evangelia Nezis, MSN, ...
Physician
Olympian Clinical Research ...
Medical Clinic
Semhar Mekonen
Physician
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FAQs
What type of property is this?
Office units - Freestanding building with a functional layout, ample on-site parking, and high visibility along a busy Clearwater corridor.
Where is this office units located?
The property is located at 1201 S Myrtle Avenue CLEARWATER Clearwater, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Freestanding 1‑story commercial building at 1201 S Myrtle Ave, built in 1963, with 3,757 SF total building area; Corner lot in Clearwater’s Central Business District with 0.34‑acre (14,911 SF) lot size; On‑site parking for 19 to 30 spaces with ground‑level access and lighted parking
