1155 NE Cleveland STREET, Clearwater, FL, 33755 | $1,100,000

Under contract-accepting backup offers. Accepting Backup Offers
Versatile mixed-use property WAREHOUSE AND OFFICES conveniently located in the heart of Downtown Clearwater, encompassing 4, 517 square feet across two impeccably renovated buildings. The first building functions as a modern 1, 945-square-foot office space, comprised of two tastefully updated units including tile, new bathrooms and new kitchens. The second building offers a generous 2, 496-square-foot Warehouse / Showroom / Office complete with a garage door suitable for a wide variety of business purposes. Over the past five years both structures have undergone extensive enhancements, featuring new roofs, advanced HVAC systems, upgraded electrical components, and a striking facade with landscaping, all reflecting exceptional craftsmanship. This property presents an unparalleled opportunity for an owner/operator, as the warehouse/showroom building can be vacant at closing. The property is also perfect for a discerning investor, with both offices currently leased and the expansive warehouse/showroom serving dual purposes for the owner’s offices and storage, positioning it for the possibility of three or more income streams. The warehouse boasts a gourmet kitchen equipped with high-end stainless steel appliances including a SubZero refrigerator, and is fortified by large steel security doors. Additionally, a comprehensive lighting and camera surveillance system, installed in July 2024, ensures the safety of the entire premises, which includes a parking lot with seven lined parking spaces and an additional garage vehicle space. The location, renovations, functionality and layout of this property make it a superb choice for a wide range of businesses.

Features

  • Property Type: Mixed Use
  • Construction: Block
  • Garage: 6 to 12 Spaces, Lighted
  • Levels: 1
  • Heating: Central
  • Cooling: Central Air
  • Units: 3
  • Lot Size: 100 x 80
  • Year Built: 1955
  • Approx Sq. Feet: 4,441
  • Acreage: 0.18
  • Est. Taxes: $12,337
  • Appliances: Dishwasher, Microwave, Refrigerator, Washer
  • MLS#: U8252197
  • Days on Market: 64 days
  • Website: https://www.raveis.com
    /prop/U8252197/1155neclevelandstreet_clearwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/23/2024 11:32:07 PM)
Listing courtesy of KELLER WILLIAMS GULFSIDE RLTY   Phone: 727-489-0800

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1155 NE Cleveland STREET, Clearwater, FL, 33755

$1,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $1,028 $1,028 $1,028
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,635 $5,635 $7,726
Total Monthly Payment $6,788 $6,788 $8,879

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.