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    409 Madison Ave Clearwater, FL 33756

    Sponsored
    For Sale
    $695,000

    Prime 15,000 SF lot, vacant, mixed-use potential.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a rare chance to acquire a 15,000 square foot corner lot in Clearwater's vibrant Central Business District. Located at 409 S Madison Ave, Clearwater, FL 33756, this property boasts 150 feet of frontage on South Madison Avenue and 100 feet along Gould Street, offering excellent visibility and accessibility. Currently vacant, the site includes existing buildings totaling approximately 3,500 square feet, providing a potential starting point for a new development or immediate demolition for a fresh start. The asking price is $695,000, translating to $198.57 per square foot. The property's zoning allows for a wide range of redevelopment uses, making it ideal for a mixed-use project, multi-family development, or other commercial ventures. Its central location provides easy access to major roadways, ensuring convenient access for residents and businesses alike. This is a unique opportunity to capitalize on the growing Clearwater market and create a significant return on investment. The property's size and location make it an exceptional investment for developers seeking a prime location in a thriving urban area. Don't miss this chance to shape the future of Clearwater's Central Business District.

    Property Features for 409 Madison Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -82.7895449
    Latitude
    27.9621024

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    FAQs

    What type of property is this?
    Multifamily property - Prime 15,000 SF lot, vacant, mixed-use potential.
    Where is this multifamily property located?
    The property is located at 409 Madison Ave Clearwater, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    Request Owner's contact information
    409 Madison Ave Clearwater, FL 33756
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    Clearwater, FL 33756
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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
    409 Madison Ave Clearwater, FL 33756
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