1551 Belcher RdClearwater, FL 33764

Property Details for 1551 Belcher Rd

Year built

1974

Construction

CONCRETE BLOCKS

Lot size

2.85 AC

Property size (Sq ft)

8,770 SF

Property type

Banks

APN

19-29-16-00000-330-1000

APU

192916000003301000

Description

This exceptional 9,949 square foot commercial building, situated on a substantial 2.85-acre lot in Clearwater, Florida, presents a unique investment opportunity. Currently configured as a former bank branch, the property boasts three convenient drive-thru lanes, making it ideally suited for a variety of uses. The building is well-maintained and ready for immediate occupancy, offering significant potential for an owner-user. The expansive lot size allows for future expansion or redevelopment, providing considerable flexibility for the new owner. The property is zoned GO-General Office Professional by Pinellas County, Florida. Note that a restriction is in place, prohibiting use as a financial institution for a period of two years following the sale. Located at 1551 S Belcher Rd, Clearwater, FL 33764, this property offers excellent visibility and accessibility. The asking price is $1,900,000. This is a rare opportunity to acquire a substantial commercial property in a prime Clearwater location with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,513,250

  6.5%

  $2,319,923

  7%

  $2,154,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,437,232

  Geo Method

  $2,437,232

• Alternative Use

  Use

  Valuation

  Residential

  $1,956,942

  Hospitality

  $1,792,548

  Educational

  $1,491,379

  Medical

  $1,542,670

  Retail

  $2,319,923

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9404

Longitude

-82.7451

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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