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2198 Coachman Rd NE
Clearwater, FL 33765 North Clearwater

$3,390,000 USD

General Retail For Sale  •  11,302 SF

Property Details

  • Property Type General Retail
  • Total Building Size 20,240 SF
  • Lot Size 1.7 AC
  • Building Class C
  • Year Built 1979
  • Tenancy Multiple
  • Zoning C, Clearwater
29 Transit Score
67 Walk Score

Highlights

Fully Occupied – Fully leased strip center delivering immediate income, with upside potential to increase value over time.
Below Market Rents – Average gross rents of $16.98/SF offer upside potential to align with market, increasing income and property value.
Low Price/SF Basis – The property is coming to market priced well below replacement cost at $167.49 PSF
Ample Parking – Coachman Plaza houses 98 parking spaces, reflecting a parking ratio of 4.84 spaces per 1,000 square feet of leasable area.
Low Vacancy Market – Located in one of Florida’s densest retail markets, with a current vacancy rate of just 3.6%
Short Term/Gross Leases – With a weighted average lease term of 1.86 years, these leases offer upside potential through conversion to a NNN structure

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 23 min - 11.3 mi
Tampa International 26 min - 15.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Andrew Doerr 813-436-9209 Matthews Real Estate Investment Services
Andrew Doerr 813-436-9209 Matthews Real Estate Investment Services