Clearwater Corner Property with Redevelopment
2886 Whitney Road, Clearwater, FL 33760
New
1.17 acre corner property with flexible use and redevelopment upside.
Type:Retail, Office, Mixed Use
Property size:
2,627 SFLot size:
1.17 AcresPrice / SF:
$334/SF- Added:
- May 26, 2026
- Days on Market:
- 4
- Last Refresh:
- May 27 at 8:26 am
Property Features for 2886 Whitney Road
General Information
- Standard status
- Active
- Size
- 2,627 SF
- Lot size
- 1.17 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1984
Listing agent Jason Teabout License #SL3628943
Listing office Smith & Associates Real Estate
Listing date May 26, 2026
Source Crexi
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 Smith & Associates Real Estate
HighLights
- Large 1.17± acre corner property with R‑4 zoning, offering flexible use and redevelopment potential.
- Located in Clearwater's growing 33760 corridor with strong visibility and accessibility.
- Existing structure includes expansive open interior areas, kitchen facilities, ADA‑accessible restrooms, fenced outdoor recreation space, and on‑site parking.
- Convenient connectivity to major regional corridors including US‑19, Roosevelt Boulevard, I‑275, Tampa International Airport, and St. Pete‑Clearwater International Airport.
- Double lot configuration allows for phased repositioning strategy.
- Current improvements support interim occupancy, adaptive reuse, or income‑producing potential.
Overview
This 1.17± acre corner property is located in Clearwater's 33760 corridor. Zoned R-4 and comprised of a double lot configuration, the property offers flexible use potential and future redevelopment upside. The existing structure, previously utilized for a school-related program, includes expansive open interior areas, kitchen facilities, ADA-accessible restrooms, a fenced outdoor recreation space, and on-site parking. The current improvements may support interim occupancy, adaptive reuse, or income-producing potential while future redevelopment plans are pursued. Positioned on a prominent corner parcel with strong visibility and accessibility, the property benefits from convenient connectivity to major regional corridors including US-19, Roosevelt Boulevard, I-275, Tampa International Airport, and St. Pete-Clearwater International Airport. With residential zoning, infill positioning, and increasing demand throughout Pinellas County, this represents a rare opportunity to acquire a flexible-use site with both immediate utility and long-term development potential. The property has 2627 square feet of space.
Local Financial Insights For Office B
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 | $68.4k | $26.04 |
| − Vacancy | −$5.3k | −$2.01 |
| EGI | $63.1k | $24.03 |
| − OpEx | −$15.8k | −$6.01 |
| NOI | $47.4k | $18.03 |
2,627 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$676.5K
$591.9K – $789.3K
NOI $47,355 @ 7.0% cap · market cap 5.39%
Second Best
Retail
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$737.0K
$644.9K – $859.9K
NOI $51,592 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
R'Club Child Care
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7181162
- Latitude
- 27.9238976
Nearby Similar for Sale
FAQs
What type of property is this?
School - 1.17 acre corner property with flexible use and redevelopment upside.
Where is this school located?
The property is located at 2886 Whitney Road Clearwater, FL.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Large 1.17± acre corner property with R‑4 zoning, offering flexible use and redevelopment potential.; Located in Clearwater's growing 33760 corridor with strong visibility and accessibility.; Existing structure includes expansive open interior areas, kitchen facilities, ADA‑accessible restrooms, fenced outdoor recreation space, and on‑site parking.
