1417 Cleveland St Clearwater, FL 33755
- Strip malls
- 12,716 SF
- 0.94 lot acres
Current Use by Public Records
- Authentic Mexican Food Margarita / Restaurant
Property Details for 1417 Cleveland St
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.94 lot acres
- Property size
- 12,716 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 14-29-15-47016-002-0010
- APU
- 142915470160020010
Description
This exceptional retail plaza, located at 1417 Cleveland Street in the revitalized Gateway area of downtown Clearwater, Florida, presents a unique investment opportunity. Spanning 14,400 square feet on a 0.94-acre lot, the property boasts 17 individual retail units, each equipped with its own separate power and water meters, offering maximum flexibility and efficiency for tenants. Recent upgrades have enhanced the property's appeal and functionality. The plaza enjoys a highly desirable location, directly adjacent to the newly established Marche, a vibrant hub for weekend markets and community events situated at the corner of Cleveland Street and Gulf to Bay Boulevard. This strategic positioning ensures high visibility and significant foot traffic, maximizing the potential for tenant success. Currently, only one unit remains vacant, and it is under lease negotiation, indicating strong market demand. The asking price for this exceptional property is $2,990,000. This represents a compelling investment in a thriving downtown area experiencing significant growth and redevelopment. The property's prime location, modern upgrades, and high occupancy rate make it an attractive proposition for discerning investors seeking a stable and profitable retail investment in the heart of Clearwater.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,780,000
- 6.5%
- $1,710,000
- 7%
- $1,590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,695,000
- Geo Method
- $1,670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,880,000
- Retail
- $1,810,000
- Mixed-Use
- $1,835,000
- Hospitality
- $1,705,000
- Educational
- $1,590,000
- Residential Income
- $1,370,000
- Energy
- $1,685,000
- Income-Based Land
- $1,660,000
- Food Service
- $1,405,000
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7787
- Latitude
- 27.9654
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
