1808 Drew St Clearwater, FL 33765-2916

This exceptional investment opportunity presents a 100% occupied, seven-tenant retail/office stripmall and storage facility in Clearwater, Florida. The property, built in 1986, boasts 9,505 total square feet, with 8,140 net rentable square feet, and is situated on a 32,866 square foot lot. The asking price is $1,550,000, representing a pro-forma cap rate of 7.22% and a pro-forma NOI of $111,857. The property features two buildings, including ten (10) large, 100% occupied storage units. Seven retail and/or office spaces are available, each under a one-year modified lease. The property enjoys high visibility with over 200 feet of frontage on Drew Street, near the busy intersection of Drew Street and CR-1, experiencing a combined daily traffic count of nearly 57,000 vehicles. Ample parking is provided with 40 spaces. The property is zoned C and offers easy ingress and egress. Owner financing is available at attractive rates. This presents a rare opportunity to acquire a highly profitable, well-located commercial property with significant upside potential in a thriving Clearwater business district.