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2120 Range Rd
Clearwater, FL 33765 North Clearwater

$3,395,000

Rehabilitation Center For Sale  •  14,810 Sq Ft

Property Details

  • Property Type Rehabilitation Center
  • Total Building Size 14,810 Sq Ft
  • Lot Size 1.16 ac
  • Building Class B
  • Year Built 1982
  • Cap Rate 10.48 %
  • Zoning IRT, Clearwater
24 Transit Score
37 Walk Score

Description

Visit thewaveint.com and thewaveclearwater.com for a look at the tenant's operation.
Tenant is licensed to operate AT THE FACILITY and has invested over $1 Million to open/operate here.

Highlights

Property includes 39 parking spaces (15 of which are covered) generating a ratio of 2.63 parking spaces per 1,000 square feet.
Single tenant facility generating annual rent of over $335,000 on a 10 year lease with 9 years remaining.
Building sits on 1.165 professionally landscaped acres in the heart of Tampa/St. Petersburg Metro.
Population within 5 miles exceeds 249,000 residents with consumer spending totaling $2.5 billion.
This property is located just 11 miles from the St. Petersburg-Clearwater International Airport and 17 miles from the Tampa International Airport.
Lease outlines 3% per annum increases in rent for exceptional investment opportunity.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $335,595 (2019)
Cap Rate: 10.48 %
Total Expenses: $0

Major Tenants

Tenant SF Occupied Lease End Date
American Board Of Quality Assurance & Utilization 500 SF
Florida Reflexology
Evolve-At The Ashram Of Clearwater
Alternative Treatment International

Public Transportation

AirportDriveWalkDistance
Saint Petersburg-Clearwater International Airport 27 min - 11.7 mi
Tampa International Airport 28 min - 17.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
James Dillon 727-744-4690 Charles Rutenberg Realty
James Dillon 727-744-4690 Charles Rutenberg Realty