1551 Belcher RdClearwater, FL 33764

  • Retail properties
  • 8,770 SF
For Sale
$1,900,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1551 Belcher Rd, Clearwater, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,149
-
-
$1,290,000
-
$694,446
$595,554
$1,290,000

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