602 S Martin Luther King Jr Avenue Clearwater, FL 33756
For Sale MLS# U8223569
4,400 sq ft Commercial
Details for 602 S Martin Luther King Jr Avenue
MLS# U8223569
Description for 602 S Martin Luther King Jr Avenue, Clearwater, FL, 33756
This newly renovated investment property, fully leased with a government tenant, presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease with a government tenant ensures a dependable and consistent income stream, boasting a 7.5% CAP rate. Government tenants provide enhanced investment stability due to their reliable payment schedules and low default risk, making this an attractive option for discerning investors. The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates. Don't miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.
Listing Information
Property Type: Commercial, Office
Status: Active
Lot Size: 0.39 Acres
Square Feet: 4,400 sq ft
Year Built: 1964
Stories: 1 Story
Construction: Block
Subdivision: Magnolia Park
Foundation: Slab
County: Pinellas
Utilities
Cooling: Central Air
Exterior / Lot Features
Lot Dimensions: 98x175
Driving Directions
From Court St...south on MLK to Turner
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 15-29-15-54450-023-0150
Tax Amount: 6192
Tax Year: 2022
Price Changes
| Date | Price | Change |
|---|---|---|
| 12/09/2024 10.18 AM | $1,069,000 | -$86,000 |
| 05/28/2024 04.34 PM | $1,155,000 | -$40,000 |
| 02/28/2024 05.47 PM | $1,195,000 |
A broker reciprocity listing courtesy: MAVREALTY
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 602 S Martin Luther King Jr Avenue
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 602 S Martin Luther King Jr Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.