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401 Corbett St
Clearwater, FL 33756 South Clearwater

$5,000,000 USD

Medical For Sale  •  46,433 SF

Property Details

• Property Type Medical
• Total Building Size 464,464 SF
• Lot Size 2.06 AC
• Building Class B
• Year Built 1985
• Tenancy Multiple
• Zoning Office

50 Transit Score

60 Walk Score

Highlights

The property has a diverse tenant mix and staggered lease terms, limiting rollover risk

10 of the 14 tenants have no options remaining, giving an investor near-term control of the rent roll and full flexibility to negotiate renewals

7 vacant units allows an investor to immediately increase cash flow at the property by leasing up spaces, increasing gross rents by approximately 50%

The property is located adjacent to BayCare’s Morton Plant Hospital, a 687-bed facility with more than 50,000 patients annually

The asset is located off S Ft Harrison Avenue which has an AADT of 17,500

The center is located in Pinellas County, the most densely populated county in the state of Florida

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	28 min	-	12.8 mi
Tampa International	33 min	-	19.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes