2454 Mcmullen Booth RdClearwater, FL 33759

Property Details for 2454 Mcmullen Booth Rd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

6.70 AC

Property size (Sq ft)

25,788 SF

Property type

Retail properties

Property subtype

Strip malls

APN

33-28-16-00000-210-0100

APU

332816000002100100

Description

Northwood Commons, located at 2454 McMullen Booth Rd, Clearwater, FL 33759, presents a unique opportunity in the highly desirable North Pinellas submarket. This Class A retail center, built in 1985 and renovated in 2007, boasts a total of 28,015 square feet across one building on a 7-acre lot (304,920 sq ft). The property features 114 parking spaces and is situated at the coveted intersection of McMullen Booth Road and Enterprise Road East. Currently, there are two available spaces totaling 4,187 square feet (1,250 sq ft and 2,937 sq ft). The property is zoned A-E and has a building floor area ratio (FAR) of 0.09. Property taxes are $5.20 per square foot. Existing tenants include a diverse mix of businesses, demonstrating strong market demand. The single-story building offers excellent visibility and accessibility, making it an ideal location for a variety of retail, restaurant, or bar concepts. The property's APN is 33-28-16-00000-210-0100. This is a rare opportunity to acquire a well-established retail property in a thriving Clearwater location. The property's size and location make it an attractive investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $7,390,158

  6.5%

  $6,821,684

  7%

  $6,334,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,166,630

  Geo Method

  $7,166,630

• Alternative Use

  Use

  Valuation

  Residential

  $5,754,346

  Hospitality

  $5,270,950

  Educational

  $4,385,368

  Medical

  $4,536,188

  Retail

  $6,821,684

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

28.0112

Longitude

-82.7077

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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