833 Wyatt StClearwater, FL 33756

Property Details for 833 Wyatt St

Year built

1956

Construction

FRAME

Lot size

8.04 AC

Property size (Sq ft)

1,348 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

27-29-15-27838-001-0010

APU

272915278380010010

Description

This exceptional 35,348-square-foot property presents a rare investment opportunity in Clearwater, Florida. Situated on an expansive 8-acre campus at the intersection of Wyatt Street and South Martin Luther King Jr. Avenue, this special-purpose property boasts two single-story buildings. Originally constructed in 1975 and extensively renovated in 2020, including a new roof installed in 2021, the property offers significant potential for redevelopment. Currently zoned for institutional use, this infill development site is ideally located within the Clearwater Largo Road Redevelopment District, benefitting from proposed expansion plans. The flexible zoning allows for a wide range of community-serving uses. The asking price is $8,000,000, translating to $226.32 per square foot. This prime location in Pinellas County, Florida (zip code 33756), offers unparalleled access to the vibrant Tampa Bay area. The property's size and strategic location make it an attractive proposition for developers and investors seeking a high-impact project with substantial upside. This is a unique chance to acquire a substantial property with a rich history and a bright future.

• CAP approach

  CAP return

  Valuation

  6%

  $256,877

  6.5%

  $237,117

  7%

  $220,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $170,956

  Geo Method

  $170,956

• Alternative Use

  Use

  Valuation

  Residential

  $300,793

  Hospitality

  $275,525

  Educational

  $229,234

  Medical

  $237,117

  Retail

  $356,586

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9342

Longitude

-82.7927

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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