3118 Gulf To Bay Blvd, CLEARWATER, FL

Real Estate

Sold

Listed price in listed location currency (USD).

$4,900,000

$5,378,000

000

MLS® T3462799

Overview

Key Facts

Type Office

Levels Commercial Sale

Size 23562 sqft

Garage No

Maintenance Fees

Taxes $26,684

Approx. Age 1972

Avg. Price Per Sqft $228

MLS® Number T3462799

Property Address: 3118 Gulf To Bay Blvd, CLEARWATER, FL, 33759-4553

Average square foot calculated using Size range provided by listing agent.

Description

Proud to introduce an exceptional investment opportunity that you won't want to miss. Recently renovated, three-story office building at 3118 Gulf to Bay Boulevard, Clearwater, Florida. This attractive building boasts 23, 562 square feet of office space, sitting proudly on .8 acres of prime real estate. Following an extensive renovation in 2022, the building now showcases a host of modern features and amenities. These include a stunning marble lobby, convenient passenger elevators, a range of flexible executive suites from 100 to 939 square feet, contemporary interior office finishes, 24-hour security access, and prominent monument signage. With a current occupancy rate of 96%, the tenant mix is both diverse and reliable, promising a low-maintenance, income-producing investment. The building’s central location in Clearwater, a picturesque coastal city within the Tampa Bay MSA, ensures it benefits from exposure to over 50, 000 passing vehicles daily. As part of the 18th largest metro area in the country, Clearwater houses over 3.1 million residents. The local Bayside submarket has demonstrated strong performance across the office segment, with rents increasing 3.8% year-over-year. Furthermore, tightening vacancies due to zero new inventory in the market over the last year underlines the robust demand. An investment in Clearwater reaps the benefits of a best-in-class demographic profile. Within a five-mile radius of the property, there is a growing population of over 187, 903 residents with 92% high school graduates and 65% pursuing higher education, resulting in a higher than average household income and impressive consumer spending of over $2.3 billion across 2022. The combination of modern renovations, high occupancy, and a central location in the burgeoning Tampa Bay metro area makes 3118 Gulf To Bay Boulevard an ideal investment opportunity. Motivated Seller will respond to all offers the same day so hurry! Call, view, make offer and get response today!

MLS® NumberT3462799

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1972

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

Aug 28, 2023End Date

$4,900,000Sold Price

Sold

Aug 1, 2023List Date

$5,378,000List Price

Map

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