Downtown Clearwater Freestanding Office Building

321 S LINCOLN Ave, Clearwater, FL 33756

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For Sale

$500,000

Free-standing office building in Downtown Clearwater. Ideal for owner/occupant.

Type:Commercial

Property size:

2,091 SF

Price / SF:

$239/SF

HighLights

Rare opportunity to own a free‑standing office building in Downtown Clearwater.
Excellent repair: new roof (2025), electrical upgrades (2023), window replacement (2014).
Located on a corner parcel with good signage and limited visibility from Court Street.
Ten paved parking spaces on‑site.
Downtown zoning and X flood zone (minimal flood risk).
High walk score (76, Very Walkable) and bike score (66, Bikeable).

We can help!

Listing Contact

John Skicewicz

Learn more

For Sale

$500,000

Free-standing office building in Downtown Clearwater. Ideal for owner/occupant.

Type:Commercial

Property size:

2,091 SF

Price / SF:

$239/SF

Added:: Apr 24, 2026
Days on Market:: 61
Last Refresh:: Apr 24 at 3:51 pm

Property Features for 321 S LINCOLN Ave

General Information

Standard status: Active
Size: 2,091 SF
Property subtype: Commercial

Building Details

Year Built: 1957

We can help!

Listing Contact

John Skicewicz

Listing agent John Skicewicz License #FL BK370679

Listing office COLDWELL BANKER COMMERCIAL NRT

Listing date Apr 24, 2026

Source Elliman

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 COLDWELL BANKER COMMERCIAL NRT

HighLights

Rare opportunity to own a free‑standing office building in Downtown Clearwater.
Excellent repair: new roof (2025), electrical upgrades (2023), window replacement (2014).
Located on a corner parcel with good signage and limited visibility from Court Street.
Ten paved parking spaces on‑site.
Downtown zoning and X flood zone (minimal flood risk).
High walk score (76, Very Walkable) and bike score (66, Bikeable).

Overview

The subject property is a free-standing office building with 2,059 square feet of heated area and 2,091 square feet under roof, situated on a corner parcel in Downtown Clearwater. Most recently, the building was occupied by a medical practice. The location offers convenient service to the Clearwater community, with good signage and limited visibility from Court Street. There are ten paved parking spaces on-site. Building elements are in excellent repair, including a roof new in 2025, electrical upgrades in 2023, and window replacement in 2014. The interior needs complete renovation and modernizing. Public utilities are in place, including water, fire, sanitary, and storm sewer. The property is located in an X flood zone, an area of minimal flood risk. This property is ideal for an owner/occupant, but could work for a cash-flow investor. The bike score is 66, making it bikeable, the walk score is 76, making it very walkable, and the transit score is 38, indicating some transit options.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.4k	$26.04
− Vacancy	−$4.2k	−$2.01
EGI	$50.3k	$24.03
− OpEx	−$12.6k	−$6.01
NOI	$37.7k	$18.03

2,091 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$538.5K

$471.2K – $628.2K (±1% cap)

NOI $37,693 @ 7.0% cap · market cap 7.54%

Second Best

Healthcare Medical

$393.6K

$344.4K – $459.2K (±1% cap)

NOI $27,551 @ 7.0% cap · market cap 5.51%

Theoretical Best

Office A

$586.6K

$513.3K – $684.4K (±1% cap)

NOI $41,065 @ 7.0% cap · market cap 8.21%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Scarlett A. Kinley, DPM Physician Bay Area Foot ... Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Clearwater
County: Pinellas
State: Florida
Longitude: -82.7855053
Latitude: 27.9617522

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For sale
Office buildings
FL
Clearwater
33756
321 S LINCOLN Ave

What type of property is this?

Office building - Free-standing office building in Downtown Clearwater. Ideal for owner/occupant.

Where is this office building located?

The property is located at 321 S LINCOLN Ave Clearwater, FL.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Rare opportunity to own a free‑standing office building in Downtown Clearwater.; Excellent repair: **new roof (2025), electrical upgrades (2023), window replacement (2014).**; Located on a corner parcel with good signage and limited visibility from Court Street.