Clearwater Mixed-Use Property For
1453 S MARTIN LUTHER KING JR AVENUE Clearwater, FL 33756
1453 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL, 33756
$2,499,000
For Sale
$2,499,000
Mixed-use property featuring office, warehouse, and self-storage space.
Property Size11,000 SF
Lot Size0.71 Acres
Price / SF$227.18
Days on Market298
Property Features for 1453 S MARTIN LUTHER KING JR AVENUE
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 0.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
KELLER WILLIAMS TAMPA PROP.
(813) 264-7754
Listed by
ALEXANDER LUCKE · License #3351552
Source
Corcoran
Added: Sep 22, 2025 Checked: Jul 16 at 7:38 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 KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
Located in Clearwater, Florida, the property at 1453 S. Martin Luther King Jr. Avenue features a mix of office, warehouse, and self-storage space across three buildings. The property, situated on approximately 0.71 acres, includes approximately 11,000 square feet. The main building offers approximately 5,000 square feet, with approximately 2,400 square feet of warehouse space and approximately 2,600 square feet of renovated two-story office space. The warehouse area includes 18-foot clear heights, a 12' x 10' grade-level door, epoxy floors, upgraded electrical, a new insulation liner, and skylights. The office area features a reception area, five private offices, four to five additional cubicle workstations, an oversized conference room, break room, and multiple access points. The rear buildings total approximately 6,000 square feet and include 43 self-storage units of varying sizes. The site is fully fenced and secured with a new electronic gate system, updated security, freshly paved and striped parking, and approximately 17+ parking spaces. Recent improvements include new interior and exterior paint, new storage doors, roof sealing and coating, and extensive site cleanup and landscaping. Renovations were completed in 2026. The property is suitable for contractors, service businesses, light industrial users, office/warehouse operations, and storage-oriented businesses.
Key Highlights
- Turnkey opportunity after major renovations in 2026.
- Features a mix of office, warehouse, and self‑storage space across three buildings.
- Warehouse highlights include 18‑foot clear heights, 12' x 10' grade‑level door, epoxy floors, upgraded electrical, new insulation liner, and skylights.
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 | $286.4k | $26.04 |
| − Vacancy | −$22.1k | −$2.01 |
| EGI | $264.4k | $24.03 |
| − OpEx | −$66.1k | −$6.01 |
| NOI | $198.3k | $18.03 |
11,000 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.83M
$2.48M – $3.30M
NOI $198,288 @ 7.0% cap · market cap 7.93%
Second Best
Mixed Use
$1.97M
$1.73M – $2.30M
NOI $138,105 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,030 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring office, warehouse, and self-storage space.
Where is this mixed-use property located?
The property is located at 1453 S MARTIN LUTHER KING JR AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Turnkey opportunity after major renovations in 2026.; Features a mix of office, warehouse, and self‑storage space across three buildings.; **Warehouse highlights include 18‑foot clear heights, 12' x 10' grade‑level door, epoxy floors, upgraded electrical, new insulation liner, and skylights.**
