Clearwater Mixed-Use Property For
For Sale
$2,499,000
1453 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL 33756
Mixed-use property featuring office, warehouse, and self-storage space.
Property Size11,000 SF
Lot Size0.71 Acres
Price / SF$227.18
Days on Market402
Property Features for 1453 S MARTIN LUTHER KING JR AVENUE
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.71 Acres
Zoning
COMMERCIAL
Site & Location
Neighborhood
Lake Belleview Neighborhood Association
Taxes and HOA fees
Annual Taxes
$14,087
Amenities
Drive-Through, Fencing, Overhead Doors
Central Air
Central
Common, Secured
Building Details
Building Size
11,000 SF
Year Built
1986
Stories
2
Listing Agency:
Keller Williams Tampa Properties
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Evrealestate
Added: Sep 22, 2025
Changed: Sep 14
Last Checked: Oct 26 at 3:36PM
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 Properties
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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.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,288
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,965,760
$4.0M
Cap Rate 7%
$2,832,686
$2.8M
Cap Rate 9%
$2,203,200
$2.2M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$286.4K $26.04/SF
− Vacancy
−$22.1K −$2.01/SF
EGI
$264.4K $24.03/SF
− OpEx
−$66.1K −$6.01/SF
NOI
$198.3K $18.03/SF
Area
Clearwater, FL
Vacancy
7.70%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,965,760
Cap Rate 7%
$2,832,686
Cap Rate 9%
$2,203,200
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
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Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.**
