708 Chestnut St Clearwater, FL 33756-5640

This exceptional mixed-use property, located at 708 Chestnut Street in Downtown Clearwater, Florida (zip code 33756), presents a compelling investment opportunity. Currently under construction and slated for completion by February 2025, this 17,000 square foot building boasts a prime corner location just one mile from Clearwater Beach, situated on two high-traffic streets. The building comprises 14 apartments and 4 storefronts, offering a diverse income stream. The asking price is $7,900,000, translating to a price per square foot of $464.71. This translates to a projected cap rate of 7.00%. Currently vacant, this property offers a unique chance to establish tenancy and maximize rental income upon completion. The building's strategic location in the vibrant Downtown Clearwater area ensures strong potential for both residential and commercial occupancy. Pinellas County's thriving economy and tourism further enhance the investment prospects. This is an exceptional opportunity to acquire a high-yield mixed-use property in a rapidly growing Florida market. The property is situated at 27.96110175742512 latitude and -82.79583919896947 longitude.