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Clearwater Self-Storage and Industrial Opportunity

2166 Drew St, Clearwater, FL

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For Sale

Contact for pricing

Cash-flowing self-storage facility with potential for increased revenue.

Type:INDUSTRIAL

Property size:

25,555 SF

Lot size:

3.00 Acres

Price / SF:

$136/SF

HighLights

Cash‑flowing self‑storage facility with climate‑controlled and non‑climate controlled units, offices/apartments, and outdoor parking rentals.
Seller‑financing options are available.
Significant renovations completed since 2022, including exterior painting, asphalt sealing, automatic gate installation, door repairs, and office/apartment upgrades.
Opportunity to increase revenue through lease‑up, management efficiencies, supplemental income streams, and rent increases.
Excellent candidate for remote management due to automatic gate, keypad entry, and existing management software.
Located in Clearwater, Florida, a growing area with strong demographics and part of the Tampa‑St. Petersburg‑Clearwater MSA.

We can help!

Listing Contact

David Perlleshi

For Sale

Contact for pricing

Cash-flowing self-storage facility with potential for increased revenue.

Type:INDUSTRIAL

Property size:

25,555 SF

Lot size:

3.00 Acres

Price / SF:

$136/SF

Added:: Oct 16, 2025
Days on Market:: 240
Last Refresh:: May 20 at 9:15 pm

Property Features for 2166 Drew St

General Information

Standard status: Active
Size: 25,555 SF
Lot size: 3.00 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

David Perlleshi

Listing agent David Perlleshi

Listing office Franklin Street - Corporate

Listing date Oct 16, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street - Corporate

HighLights

Cash‑flowing self‑storage facility with climate‑controlled and non‑climate controlled units, offices/apartments, and outdoor parking rentals.
Seller‑financing options are available.
Significant renovations completed since 2022, including exterior painting, asphalt sealing, automatic gate installation, door repairs, and office/apartment upgrades.
Opportunity to increase revenue through lease‑up, management efficiencies, supplemental income streams, and rent increases.
Excellent candidate for remote management due to automatic gate, keypad entry, and existing management software.
Located in Clearwater, Florida, a growing area with strong demographics and part of the Tampa‑St. Petersburg‑Clearwater MSA.

Overview

This cash-flowing self-storage facility features 46 climate-controlled units totaling 1,530 net rentable square feet, 402 non-climate units totaling 22,425 net rentable square feet, and two offices/apartments totaling 1,600 net rentable square feet. Additionally, there are 22 outdoor parking rentals. The property has undergone approximately $150,000 in renovations since 2022, including exterior painting, asphalt sealing, automatic gate installation, door repairs, and major upgrades to the offices/apartments. Located along Florida's Gulf Coast in Clearwater, a hotbed for both residential and commercial growth with 116,528 residents, this facility presents an opportunity to increase revenue through lease-up, management efficiencies, maximizing supplemental income streams, and implementing existing customer rent increases. The Tampa-St. Petersburg-Clearwater MSA, the second largest in Florida, is home to 3,342,963 residents. The property is an excellent candidate for remote management with an automatic gate, keypad entry, and management software already in place. The surrounding area has strong demographics, featuring a growing population of 118,244 residents and an average household income of $76,420 within three miles of the property. Seller-financing offers will be considered.

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$306.7k	$12.00
− Vacancy	−$24.5k	−$0.96
EGI	$282.1k	$11.04
− OpEx	−$84.6k	−$3.31
NOI	$197.5k	$7.73

25,555 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,489 @ 7.0% cap · market cap 5.64%

Second Best

Industrial

$2.68M

$2.34M – $3.12M (±1% cap)

NOI $187,417 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$7.17M

$6.27M – $8.36M (±1% cap)

NOI $501,877 @ 7.0% cap · market cap 14.34%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bison Storage of Clearwater Storage Facility Andy's Air Inc Hardware & Home Improvement Clearwater Roofing Service Roofing Company Accessible Environments Association / Organization Pinellas Affordable Towing Auto Repair Shop

Suggested Use

Location Insight

Map
Local Demand

City: Clearwater
County: Pinellas
State: Florida
Longitude: -82.7492
Latitude: 27.9688

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What type of property is this?

Self storage facility - Cash-flowing self-storage facility with potential for increased revenue.

Where is this self storage facility located?

The property is located at 2166 Drew St Clearwater, FL.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Cash‑flowing self‑storage facility with climate‑controlled and non‑climate controlled units, offices/apartments, and outdoor parking rentals.; Seller‑financing options are available.; Significant renovations completed since 2022, including exterior painting, asphalt sealing, automatic gate installation, door repairs, and office/apartment upgrades.