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Property profile & analytics
OFF-MARKET Estimated value $1,800,000
Strip malls

1417 Cleveland St Clearwater, FL 33755-5202

12,716 SF 0.94 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-2807549
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,716 SF
Lot 0.94 ac (41,160 SF)
APN 14-29-15-47016-002-0010
UPID US18-2807549
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Authentic Mexican Food Margarita Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.80M
Owner & transaction history
Cleveland Gulf To Bay LLC · 3 yrs held
Cleveland Gulf To Bay LLC
since 2022
Last sale
$1.7M
5 recorded transactions
2022
Price N/A
2022
$1.7M
2020
Price N/A
2009
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.6M +18.1%
Warehouse, storage $2.6M +15.7%
Apartment house (5+ units) $2.6M +14.2%
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