Office

Causeway Office Center

3118 Gulf to Bay Blvd, Clearwater, FL 33759

Listing Price: $2,050,000

Cap Rate
8.04%
Gross SF
19,839
Rentable SF
19,839
Price/Gross SF
$103.33
Lot Size
0.80 acres
Year Built
1970

Investment Overview

Causeway Office Center is a three story Office Building with 19,460 square feet of rental area and each suite is of various size. The center offers 70 free Surface Spaces or a ratio of 2.98/1000. The property is located on State Road 60 just East of the Bayside Bridge in Clearwater, Florida and has convenient access to Saint Petersburg Airport and Tampa Airport. The building has just over 40 suites that cater to office tenants looking for micro space. Since October 2018, the landlord has worked diligently to repair and upgrade the subject property with just over $475,000 in improvements. These improvements consist of parking lot repairs/painting, $65,000 in roof repairs/replacements, $75,000 in marble floor lobby renovations, $24,500 in HVAC replacements, $30,000 in bathroom renovations and a new surveillance system just to name a few upgrades. The property also has two elevators.

Investment Highlights

  • Well Located Near Gulf to Bay and McMullen Booth Intersection with Frontage Access
  • Assumable Loan
  • Recently Improved ~$475,000 in CAPEX

Exclusively Listed By

Listing Price: $2,050,000

Cap Rate
8.04%
Gross SF
19,839
Rentable SF
19,839
Price/Gross SF
$103.33
Lot Size
0.80 acres
Year Built
1970

Investment Highlights

  • Well Located Near Gulf to Bay and McMullen Booth Intersection with Frontage Access
  • Assumable Loan
  • Recently Improved ~$475,000 in CAPEX

Investment Overview

Causeway Office Center is a three story Office Building with 19,460 square feet of rental area and each suite is of various size. The center offers 70 free Surface Spaces or a ratio of 2.98/1000. The property is located on State Road 60 just East of the Bayside Bridge in Clearwater, Florida and has convenient access to Saint Petersburg Airport and Tampa Airport. The building has just over 40 suites that cater to office tenants looking for micro space. Since October 2018, the landlord has worked diligently to repair and upgrade the subject property with just over $475,000 in improvements. These improvements consist of parking lot repairs/painting, $65,000 in roof repairs/replacements, $75,000 in marble floor lobby renovations, $24,500 in HVAC replacements, $30,000 in bathroom renovations and a new surveillance system just to name a few upgrades. The property also has two elevators.

Exclusively Listed By

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