Commercial real estate in Clearwater, Florida, offers a unique opportunity for investors to capitalize on the city's growing economy and desirable location. With a population of approximately 120,000, Clearwater is an attractive destination for businesses and tourists alike, making it an ideal place to invest in commercial properties. Commercial real estate in Clearwater encompasses a range of properties, including office buildings, retail spaces, and restaurants, each offering a unique investment opportunity. The city's infrastructure, including the Clearwater Public Library System, Clearwater Marine Aquarium, and BayCare Ballpark, provides a solid foundation for businesses to thrive. Additionally, Clearwater's location between the Gulf of Mexico and Tampa Bay, with its beautiful beaches and scenic views, makes it an attractive destination for tourists and locals alike. The city's economy is supported by major employers like Morton Plant Hospital, Tech Data, and Honeywell, ensuring a steady stream of customers and clients for businesses.
Clearwater's commercial real estate market offers a diverse range of investment opportunities, with 160 listings currently available. In addition to commercial properties, the city is also home to a range of other property types, including industrial properties, which are ideal for manufacturing and distribution businesses; apartment buildings, which offer a steady stream of rental income; office properties, which are perfect for professional services and startups; and hotels, which cater to the city's thriving tourism industry. With its strong economy, desirable location, and range of investment opportunities, Clearwater is an attractive destination for commercial real estate investors. The city's ongoing downtown redevelopment, beautiful beaches, and attractions like BayCare Ballpark and Coachman Park make it an ideal place to invest in commercial properties, with average prices per square foot of $3,342 USD and average sizes of 23,486 square feet.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Clearwater, there are several alternatives to consider, including:
- Traditional bank loans, which typically offer competitive interest rates and flexible repayment terms;
- Commercial mortgage-backed securities (CMBS) loans, which provide access to a larger pool of capital and can be used for larger transactions;
- Private money lending, which can offer more flexible terms and faster approval processes, but often at a higher cost.
With 160 available listings of commercial real estate in Clearwater, understanding the financing options is crucial to making an informed investment decision. The average price per square foot is $3,342 USD, and the average size of these properties is 23,486 square feet, with the largest property spanning 628,963 square feet. Additionally, the average cap rate for these properties is 6.98%, providing investors with a potential return on their investment.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Clearwater, it's essential to understand the role of cap rates in your investment decision. The average cap rate in Clearwater is 6.98%, which can help you determine the potential return on investment for a property, making it a crucial factor in your purchasing decision; to learn more about how cap rates work, check out our article on what is a cap rate.
With 160 available listings of commercial real estate in Clearwater, ranging from 23,486 square feet to 628,963 square feet, and an average price per square foot of $3,342 USD, understanding cap rates can help you navigate the market and make informed investment decisions.
What is considered a commercial property?
In Clearwater, Florida, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other income-generating properties. These properties can range in size from 23,486 square feet to 628,963 square feet, and are often valued based on their average price per square foot, which is currently $3,342 USD, and their average cap rate, which is 6.98%.
