Clearwater Mixed-Use Redevelopment
409 S Madison Ave Clearwater, FL 33756
409 S Madison Ave, Clearwater, FL, 33756
Contact for pricing
For Sale
Contact for pricing
Pending
Rare Clearwater site suitable for mixed-use or multi-family redevelopment.
Property Size3,500 SF
Lot Size0.34 Acres
Days on Market1096
Property Features for 409 S Madison Ave
General Information
- Standard status
- Pending
- Size
- 3,500 SF
- Lot size
- 0.34 Acres
- Property subtype
- Mixed Use, Multifamily, Office, Retail
Listing Agency
The Boardwalk Company
Listed by
John Quattrocki · License #FL CQ1026002
Source
Crexi
Added: Jul 20, 2023 Checked: Jul 19 at 5:58 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 The Boardwalk Company
Investment Insights
Based on property information with market context.
This property is located in Clearwater’s Central Business District and offers redevelopment potential. The site has existing buildings totaling approximately 3,500 square feet. It is a corner property with 150 feet of frontage on South Madison Avenue and 100 feet along Gould Street. The corner lot measures 15,000 square feet and is suitable for redevelopment into a mixed-use or multi-family project. The central Clearwater location provides easy access to roadway systems. An adjacent parking lot is available for purchase.
Key Highlights
- Rare redevelopment opportunity in Clearwater's Central Business District.
- 15,000 SF corner lot suitable for mixed‑use or multi‑family redevelopment.
- Corner property with 150 feet of frontage on South Madison Ave and 100 feet on Gould St.
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 | $91.1k | $26.04 |
| − Vacancy | −$7.0k | −$2.01 |
| EGI | $84.1k | $24.03 |
| − OpEx | −$21.0k | −$6.01 |
| NOI | $63.1k | $18.03 |
3,500 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$901.3K
$788.7K – $1.05M
NOI $63,092 @ 7.0% cap · market cap 9.08%
Second Best
Mixed Use
$627.8K
$549.3K – $732.4K
NOI $43,943 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$982.0K
$859.2K – $1.15M
NOI $68,737 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Rare Clearwater site suitable for mixed-use or multi-family redevelopment.
Where is this mixed-use property located?
The property is located at 409 S Madison Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Rare redevelopment opportunity in Clearwater's Central Business District.; 15,000 SF corner lot suitable for mixed‑use or multi‑family redevelopment.; Corner property with 150 feet of frontage on South Madison Ave and 100 feet on Gould St.
