Renovated Mixed-Use
For Sale
$2,300,000
1453 S MARTIN LUTHER KING JR Avenue, Clearwater, FL 33756
Commercial Sale, CLEARWATER, FL
Property Size11,030 SF
Lot Size0.71 Acres
Price / SF$208.52
Days on Market389
Property Features for 1453 S MARTIN LUTHER KING JR Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Parking features
Secured
Security features
Security System
Subdivision
DUNCANS A H RESUB
Directions
Heading north on S Martin Luther King Jr. Ave, the property is located on the right side of the road between Kingsley Street and Woodlawn Street.
Standard status
Active
APN
22-29-15-22986-000-0100
Size
11,030 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DUNCAN'S, A. H. RESUB S 99FT OF LOT 10
Tax Annual Amount
14087
Legal Description
DUNCAN'S, A. H. RESUB S 99FT OF LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
conference room
break room
electronic gate system
security system
Building Details
Year built
1986
Floors in Building
2
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
KELLER WILLIAMS TAMPA PROP. · Keller Williams Realty
(813) 264-7754
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Added: Sep 22, 2025
Changed: Sep 23
Last Checked: Oct 15 at 12:06PM
MLS# TB8430101
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 11,030-square-foot mixed-use property spans 0.71 acres and combines office, warehouse, and self-storage improvements across three buildings. The main building contains approximately 5,370 square feet, including approximately 3,070 square feet of renovated two-story office space and approximately 2,300 square feet of warehouse area. Office features include a reception area, five private offices, four to five cubicle workstations, an oversized conference room, break room, and multiple access points. The warehouse offers 18-foot clear heights, a 12' x 10' grade-level door, epoxy flooring, upgraded electrical, insulation lining, and skylights.
The rear buildings provide approximately 5,660 square feet with 43 self-storage units of varying sizes. Site improvements include fencing, a new electronic gate system, updated security, freshly paved and striped parking, approximately 17+ parking spaces, new paint, roof sealing and coating, replacement storage doors, and landscaping. The property has central heating and cooling, public water and sewer, a metal roof, and commercial zoning.
The rear buildings provide approximately 5,660 square feet with 43 self-storage units of varying sizes. Site improvements include fencing, a new electronic gate system, updated security, freshly paved and striped parking, approximately 17+ parking spaces, new paint, roof sealing and coating, replacement storage doors, and landscaping. The property has central heating and cooling, public water and sewer, a metal roof, and commercial zoning.
Key Highlights
- Approximately 11,030 SF across three buildings on 0.71 acres
- Main building includes approximately 3,070 SF of renovated two‑story office space
- Approximately 2,300 SF of warehouse space with 18‑foot clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,482
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,640
$2.8M
Cap Rate 7%
$1,978,314
$2.0M
Cap Rate 9%
$1,538,689
$1.5M
Market Conditions
NOI Build-Up for 11,030 SF
Gross rent
$238.2K $21.60/SF
− Vacancy
−$16.7K −$1.51/SF
EGI
$221.6K $20.09/SF
− OpEx
−$83.1K −$7.53/SF
NOI
$138.5K $12.56/SF
Area
Clearwater, FL
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,769,640
Cap Rate 7%
$1,978,314
Cap Rate 9%
$1,538,689
Alternative Uses
Best Use
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,482 @ 7.0% cap · market cap 6.02%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,888 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,619 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Secured commercial campus combining renovated office space, warehouse improvements, and 43 self-storage units.
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 $2,300,000.
What are key features of this property?
This property features: Approximately 11,030 SF across three buildings on 0.71 acres; Main building includes approximately 3,070 SF of renovated two‑story office space; Approximately 2,300 SF of warehouse space with 18‑foot clear heights
