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Property profile & analytics
OFF-MARKET Estimated value $630,000
Banks

1601 Gulf To Bay Blvd Clearwater, FL 33755-6419

1,241 SF 0.42 ac lot Built 1964
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-4983256
Property summary
AI-generated overview

This exceptional 1,241 square foot retail space is situated on a highly visible corner lot at the well-lit intersection of South Lake and Gulf to Bay Boulevard in Clearwater, Florida. Boasting excellent ingress and egress, this single-tenant building benefits from significant traffic counts, with approximately 60,000 vehicles traveling eastbound and westbound daily. Built in 1964, the property features a single-story structure with ample parking for 10 vehicles located at the rear. The building's previous use as a credit union provides existing infrastructure, including a covered drive-thru or parking area, secure teller lock drawers, and two executive offices, along with a break room. The property is zoned C (Commercial, City of Clearwater), allowing for a diverse range of commercial uses. A prominent pylon sign and its location at a signalized intersection further enhance its visibility and accessibility. This is a rare opportunity to lease a well-maintained, established building in a high-traffic area with excellent potential for a variety of businesses. The property offers a unique blend of existing infrastructure and flexible zoning, making it an ideal location for a discerning tenant.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1964
Construction CONCRETE BLOCKS
Total area 1,241 SF
Lot 0.42 ac (18,278 SF)
APN 14-29-15-52938-000-0010
UPID US18-4983256
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$625k
Blend (final) Blend
$630k
Owner & transaction history
Sedk1 LLC · 2 yrs held
Sedk1 LLC
since 2023
Last sale
$825,000
2 recorded transactions
2023
$825,000
1998
$350,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $730,000 +21.3%
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