1417 Cleveland StClearwater, FL 33755
- Retail properties
- 12,716 SF
Property Details for 1417 Cleveland St
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 12,716 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 14-29-15-47016-002-0010
- APU
- 142915470160020010
Description
This exceptional retail plaza, located at 1417 Cleveland Street in the revitalized Gateway area of downtown Clearwater, Florida, presents a unique investment opportunity. Spanning 14,400 square feet on a 0.94-acre lot, the property boasts 17 individual retail units, each equipped with its own separate power and water meters, offering maximum flexibility and efficiency for tenants. Recent upgrades have enhanced the property's appeal and functionality. The plaza enjoys a highly desirable location, directly adjacent to the newly established Marche, a vibrant hub for weekend markets and community events situated at the corner of Cleveland Street and Gulf to Bay Boulevard. This strategic positioning ensures high visibility and significant foot traffic, maximizing the potential for tenant success. Currently, only one unit remains vacant, and it is under lease negotiation, indicating strong market demand. The asking price for this exceptional property is $2,990,000. This represents a compelling investment in a thriving downtown area experiencing significant growth and redevelopment. The property's prime location, modern upgrades, and high occupancy rate make it an attractive proposition for discerning investors seeking a stable and profitable retail investment in the heart of Clearwater.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,247,408
- 6.5%
- $3,920,684
- 7%
- $3,640,635
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,533,848
- Geo Method
- $3,533,848
-
Alternative Use
- Use
- Valuation
- Residential
- $3,307,244
- Hospitality
- $3,029,418
- Educational
- $2,520,440
- Medical
- $2,607,122
- Retail
- $3,920,684
Location Insight
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Latitude
- 27.9654
- Longitude
- -82.7787
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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