Clearwater Land with Dual
2174 62ND STREET Clearwater, FL 33760
2174 62ND STREET, Clearwater, FL, 33760
$748,000
For Sale
$748,000
1.21-acre parcel with dual zoning and development potential.
Property Size2,184 SF
Price / SF$342.49
Days on Market421
Property Features for 2174 62ND STREET
General Information
- Standard status
- Active
- Size
- 2,184 SF
Building Details
- Year Built
- 2000
Listing Agency
CENTURY 21 RE CHAMPIONS
Listed by
LILY ESPOSITO
Source
Corcoran
Added: May 23, 2025 Checked: Mar 16 at 9:09 am
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 CENTURY 21 RE CHAMPIONS
Investment Insights
Based on property information with market context.
This 1.21-acre parcel of land presents a unique investment opportunity in a highly desirable location near major interstates in Clearwater. The property benefits from dual zoning, designated as both single-family residential (SFR) and general commercial (CG) by the city of Largo. This zoning provides a wide range of potential development or usage options. The property includes a main house, constructed around the year 2000, which has been recently updated. A secondary house is also present, requiring renovation or demolition. Several sheds and a garage are located on the land and need some attention. The main house features a newer roof, adding to its value and reducing near-term maintenance concerns. This parcel offers substantial potential for development or redevelopment in a prime location.
Key Highlights
- 1.21‑acre parcel in a highly desirable Clearwater location near major interstates.
- Dual zoning (SFR and CG) offers flexible development/usage options.
- Main house built around 2000 with recent updates and a newer roof.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $24.00 |
| − Vacancy | −$3.4k | −$1.56 |
| EGI | $49.0k | $22.44 |
| − OpEx | −$22.1k | −$10.10 |
| NOI | $27.0k | $12.34 |
2,184 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$385.1K
$336.9K – $449.3K
NOI $26,955 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.7K
$536.2K – $714.9K
NOI $42,892 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Land - 1.21-acre parcel with dual zoning and development potential.
Where is this land located?
The property is located at 2174 62ND STREET Clearwater, FL.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: 1.21‑acre parcel in a highly desirable Clearwater location near major interstates.; Dual zoning (SFR and CG) offers flexible development/usage options.; Main house built around 2000 with recent updates and a newer roof.
