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1401-1417 Cleveland St 14,352 SF 100% Leased Retail Building Clearwater, FL 33755 $4,173,801 CAD ($290.82 CAD/SF) 6.74% Cap Rate
EXECUTIVE SUMMARY
Great plaza in the newly improved and streetscaped Gateway area of downtown Clearwater. 17 separate units all have separate power and water meters. Recent upgrades. Directly next to the newly created Marche for weekend markets and events at the corner of Cleveland and Gulf to Bay. Just one vacancy that is about to be leased.
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,352 SF
Building Class
C
Year Built
1958
Price
$4,173,801 CAD
Price Per SF
$290.82 CAD
Cap Rate
6.74%
NOI
$281,417 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.97 AC
Zoning
c2
Parking
50 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
356’ on Cleveland
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 14-29-15-47016-002-0010 | Improvements Assessment | $1,018,291 CAD (2024) |
| Land Assessment | $933,130 CAD (2024) | Total Assessment | $1,951,421 CAD (2024) |
PROPERTY TAXES
Parcel Number
14-29-15-47016-002-0010
Land Assessment
$933,130 CAD (2024)
Improvements Assessment
$1,018,291 CAD (2024)
Total Assessment
$1,951,421 CAD (2024)
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1401-1417 Cleveland St
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