2751 Roosevelt BlvdClearwater, FL 33760

Property Details for 2751 Roosevelt Blvd

Year built

2010

Construction

CONCRETE BLOCKS

Lot size

0.30 AC

Property size (Sq ft)

4,500 SF

Property type

Retail properties

Property subtype

Strip malls

APN

32-29-16-70362-300-0202

APU

322916703623000202

Description

This exceptional Clearwater, Florida retail investment presents a compelling opportunity. The 4,500 square foot building, constructed in 2010, features three separate suites, each offering ample space for diverse retail tenants. Currently operating at 66% occupancy, this multi-tenant property boasts a strong potential for increased revenue. The building is strategically located in a bustling area of Clearwater, within Pinellas County, and zoned C2 for commercial use, ensuring a promising investment potential. The property includes abundant parking and added security features such as a fenced lot and security cameras. The asking price is $1,400,000, with a price per square foot of $311.11. An adjacent lot is also available for purchase, offering the potential for property expansion. This modern, well-maintained building provides a versatile space ideal for retail investors seeking a strong return on investment in a thriving commercial area. The property's prime location and existing infrastructure make it an attractive option for both established and emerging businesses. This is a rare opportunity to acquire a well-positioned retail property in a high-demand market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,581

  6.5%

  $1,190,382

  7%

  $1,105,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,250,575

  Geo Method

  $1,250,575

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,132

  Hospitality

  $919,780

  Educational

  $765,246

  Medical

  $791,564

  Retail

  $1,190,382

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9159

Longitude

-82.7239

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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