1250 Rogers St Clearwater, FL 33756

This exceptional 12-unit office building presents a compelling investment opportunity in Clearwater, Florida. Boasting 9,360 square feet, this Class B property, built in 1973 and extensively renovated in 2023, offers a blend of medical and executive office spaces. The asking price is $1,400,000, translating to $149.57 per square foot. All units are individually metered for electricity, providing efficient utility management. The property features Spanish Garden architecture and includes two oversized parking lots, adding significant value. Currently, ten of the twelve units are on month-to-month leases, offering flexibility for future income growth. The property's prime location in Clearwater, minutes from the beach, benefits from the ongoing Imagine Clearwater revitalization project, a multi-million dollar investment transforming the downtown waterfront. This project includes a new amphitheater, expanded park space, and improved waterfront access, promising increased foot traffic and property value appreciation. The projected capitalization rate is in the double digits, making this a highly attractive investment for discerning buyers seeking strong returns in a thriving coastal market. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential in a rapidly developing area.