1261 Ft Harrison Ave Clearwater, FL 33756-3352

This exceptional investment opportunity presents a fully occupied, 4,268 square foot shopping center in Clearwater, Florida. Located on S Fort Harrison Ave, this Class B, single-story building boasts three units at 100% occupancy, each with a new build-out following a 2023 renovation. The property, built in 2000, sits on a 0.35-acre lot and includes 12 parking spaces. Tenants are on NNN leases with annual rent increases ranging from 3% to 4%, ensuring a stable and growing income stream. Recent improvements include new HVAC systems, stucco exterior, paint, electrical upgrades, and landscaping enhancements. The property benefits from a prime location near downtown Clearwater, Clearwater Beach, and the affluent Belleair neighborhoods, enjoying high visibility and traffic counts of approximately 16,100 vehicles daily. Proximity to major retailers like Publix, Starbucks, and Walgreens further enhances its appeal. The current gross income is $114,325.50, projected to reach $115,691.10 in June 2024 and $116,979.10 in October 2024. The Net Operating Income (NOI) is $92,563. This stabilized investment offers minimal landlord responsibilities and significant upside potential. The property is zoned CG and is offered at $2,000,000.