1140 NE CLEVELAND STREET, Clearwater, FL 33755

This property is ready for redevelopment and could potentially double in square footage with a two-story construction. Located in Downtown Clearwater, the site is subject to the Downtown District and Development Standards, which aim to promote quality urban and architectural design. The area is intended for high-intensity residential and mixed-use developments, featuring buildings with street-facing entries that open onto pedestrian-friendly streetscapes, and active ground floor uses. Parking and service areas are primarily located behind buildings. This character district serves as a transition between the higher intensity mixed-use areas in the Downtown Core Character District and the residential areas to the east in the Downtown Gateway Character District. Potential business types include hotels, assisted living facilities, museums, bars/nightclubs, bed and breakfasts, indoor recreation/entertainment venues, offices, TV/radio stations, veterinary services, alcoholic beverage sales, and educational facilities. The maximum hotel density for this area is 40 units per acre, and the lot size is 0.13 acres. The maximum building height is 30-35 feet, depending on proximity to neighboring properties. The existing building, constructed in 1925, is in poor condition, making new construction and development the most viable option. The property is also available for long-term or short-term leasing.