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1106 Ft Harrison Ave Clearwater, FL 33755-3045

OFF-MARKET Office buildings Google Maps
2,727 SF 0.25 ac lot Built 1918
Trust Owned 21-yr Hold Free & Clear
Estimated value (blended)
$435k
Range $392k – $479k (±10%)
Property ID US18-8747212

Property summary

AI-generated overview

This exceptional Clearwater, Florida property presents a remarkable redevelopment opportunity. Encompassing nine parcels totaling over 74,000 square feet, this fee simple land offers a unique blend of commercial and residential zoning (GC/LMDR). Situated on high and dry land in a prime location with triple frontage, the property boasts potential for stunning views of Clearwater Beach and Clearwater Harbor. Imagine a three-story vertical build maximizing these breathtaking vistas. The site is strategically located in a thriving area, connected to the main thoroughfare of a rapidly developing marina district. This district is surrounded by established downtown amenities, luxurious homes, and a wealth of recreational, shopping, and dining options. The property benefits from the North Greenwood CRA and Tax Increment Financing, providing attractive incentives to facilitate development. The FEMA zone designation is 'X', indicating minimal flood risk. APN numbers include 09-29-15-25542-002-0120, 09-29-15-65448-000-0310, 09-29-15-65448-000-0280, 09-29-15-65448-000-0300, 09-29-15-65448-000-0340, 09-29-15-25542-002-0140, 09-29-15-65448-000-0330, 09-29-15-65448-000-0350, and 09-29-15-25542-002-0130. The asking price for this exceptional investment is $6,300,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1918
Construction FRAME
Total area 2,727 SF
Lot 0.25 ac (10,777 SF)
APN 09-29-15-65448-000-0310
UPID US18-8747212

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2005
4 recorded transactions
2005
Price N/A
2005
$445,000
1997
$75,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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