1446 Gulf To Bay BlvdClearwater, FL 33755

This exceptional 6,564 square foot shopping center, located at 1446 Gulf to Bay Boulevard in Clearwater, Florida (zip code 33755), presents a lucrative investment opportunity. The property, built in 1955 and extensively renovated in 2022, comprises eight individual units within a single, one-story building situated on a 0.38-acre lot. Each unit boasts independent electric and water service, ensuring operational flexibility for tenants. Ample parking is available both in front and behind the building. The property's strong location on a newly landscaped and improved section of Gulf to Bay Boulevard, between Court and Cleveland Streets, ensures high visibility and accessibility. The current NOI is $86,400, yielding a 5.40% cap rate, while the pro-forma NOI is projected at $124,000, resulting in a 7.75% pro-forma cap rate. The asking price is $1,600,000, translating to $243.75 per square foot. Detailed financial statements and rent rolls are readily available upon request. Seller financing is a possibility. This is a remarkable opportunity to acquire a well-maintained, high-traffic retail property with significant upside potential in a desirable Clearwater location.