1106 Fort Harrison AveClearwater, FL 33755

Property Details for 1106 Fort Harrison Ave

Year built

1918

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

2,727 SF

Property type

Office properties

Property subtype

Office buildings

APN

09-29-15-65448-000-0310

APU

92915654480000310

Description

This exceptional Clearwater, Florida property presents a remarkable redevelopment opportunity. Encompassing nine parcels totaling over 74,000 square feet, this fee simple land offers a unique blend of commercial and residential zoning (GC/LMDR). Situated on high and dry land in a prime location with triple frontage, the property boasts potential for stunning views of Clearwater Beach and Clearwater Harbor. Imagine a three-story vertical build maximizing these breathtaking vistas. The site is strategically located in a thriving area, connected to the main thoroughfare of a rapidly developing marina district. This district is surrounded by established downtown amenities, luxurious homes, and a wealth of recreational, shopping, and dining options. The property benefits from the North Greenwood CRA and Tax Increment Financing, providing attractive incentives to facilitate development. The FEMA zone designation is 'X', indicating minimal flood risk. APN numbers include 09-29-15-25542-002-0120, 09-29-15-65448-000-0310, 09-29-15-65448-000-0280, 09-29-15-65448-000-0300, 09-29-15-65448-000-0340, 09-29-15-25542-002-0140, 09-29-15-65448-000-0330, 09-29-15-65448-000-0350, and 09-29-15-25542-002-0130. The asking price for this exceptional investment is $6,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $619,643

  6.5%

  $571,978

  7%

  $531,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $300,734

  Geo Method

  $300,734

• Alternative Use

  Use

  Valuation

  Residential

  $709,252

  Hospitality

  $649,671

  Educational

  $540,519

  Medical

  $559,108

  Retail

  $840,807

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9773

Longitude

-82.7984

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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