214 S Highland Ave Clearwater, FL 33755
Triplex with development potential in Clearwater's Downtown Gateway area.
Lot size:
0.35 AcresProperty Features for 214 S Highland Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.35 Acres
Building Details
- Year built
- 1952
Source:
Elliman
Listing Agent: Harry D'Onofrio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Clearwater Triplex on Large Corner
Located in the Downtown Gateway area of Clearwater, this triplex offers an investment or development opportunity on a 15,033 sq ft corner lot. The property is zoned to allow for the development of up to 7-8 additional units. The triplex features three units. Unit 214B is a 2-bedroom, 1.5-bath residence with hardwood floors, a master suite with a walk-in closet, and a bonus room with a fireplace, currently renting for $2,500 per month. Unit 212 is a 1-bedroom, 1-bath unit with separate electric and water meters, suitable for long-term tenants ($1600) or short-term rentals with potential to generate up to $2,000 per month. Unit 214A is an efficiency/studio unit with a full bath, previously generating up to $2,200 per month on Airbnb/VRBO or $1300 for long-term rental (Clearwater enforces a minimum 30-day rental restriction). The property also has availability for RV and jet ski parking to generate up to $2500 monthly. The property has shared utilities between Units 214A and 214B and independent meters for Unit 212. The 2-bedroom unit has central A/C installed in 2004, with a mix of central and window units throughout the property. The roof was replaced in 2017. A detached storage shed/workshop is located on the vacant portion of the lot. The property is zoned for up to 35 units per acre, allowing potential development for up to 10 residential units (buyer to verify with the city).
Location Intelligence
Current Use by Public Records
Renee's Encore handbags ...
(Bike/Boat/Book/etc) Store
Samantha's Fashionable Cloest
Clothes Market
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7755936
- Latitude
- 27.9687371
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex with development potential in Clearwater's Downtown Gateway area.
Where is this triplex located?
The property is located at 214 S Highland Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $598,800.
What are key features of this property?
This property features: - High-potential triplex on a large 15,033 sq ft corner lot in Clearwater's Downtown Gateway area.; - Zoned for potential development of up to 7-10 additional units (buyer to verify with the city).; - Current income-generating potential with three unique units and additional RV/jet ski parking, creating a NOI of $82,600 and a Cap rate of 6.8%.
