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    1446 Gulf To Bay Blvd Clearwater, FL 33755

    Sponsored
    For Sale
    $1,600,000

    Prime Clearwater retail plaza, high ROI.

    Property size:
    6,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,564 square foot shopping center, located at 1446 Gulf to Bay Boulevard in Clearwater, Florida (zip code 33755), presents a lucrative investment opportunity. The property, built in 1955 and extensively renovated in 2022, comprises eight individual units within a single, one-story building situated on a 0.38-acre lot. Each unit boasts independent electric and water service, ensuring operational flexibility for tenants. Ample parking is available both in front and behind the building. The property's strong location on a newly landscaped and improved section of Gulf to Bay Boulevard, between Court and Cleveland Streets, ensures high visibility and accessibility. The current NOI is $86,400, yielding a 5.40% cap rate, while the pro-forma NOI is projected at $124,000, resulting in a 7.75% pro-forma cap rate. The asking price is $1,600,000, translating to $243.75 per square foot. Detailed financial statements and rent rolls are readily available upon request. Seller financing is a possibility. This is a remarkable opportunity to acquire a well-maintained, high-traffic retail property with significant upside potential in a desirable Clearwater location.

    Property Features for 1446 Gulf To Bay Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,564 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built/Renovated
    1955/2022
    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • Eight‑unit retail plaza on improved Gulf to Bay Blvd, between Court and Cleveland Streets.
    • Each unit features independent electric and water meters.
    • Ample front and rear parking is available.
    • Recently updated; rent roll and financials provided upon request.
    • Seller financing is a possibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mlords Hairstyle Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.777894449205
    Latitude
    27.963552456098

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Clearwater retail plaza, high ROI.
    Where is this lifestyle center located?
    The property is located at 1446 Gulf To Bay Blvd Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Eight-unit retail plaza on improved Gulf to Bay Blvd, between Court and Cleveland Streets.; Each unit features independent electric and water meters.; Ample front and rear parking is available.
    Request Owner's contact information
    1446 Gulf To Bay Blvd Clearwater, FL 33755
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    Clearwater, FL 33755
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1446 Gulf To Bay Blvd Clearwater, FL 33755
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