4535 Bay Dr Clearwater, FL 33764-5723
- Turn key restaurants
- 2,590 SF
- 0.57 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 4535 Bay Dr
- Year built
- 1999
- Construction
- FRAME
- Lot size
- 0.57 lot acres
- Property size
- 2,590 SF
- Property type
- Turn key restaurants
- APN
- 31-29-16-10820-000-0010
- APU
- 312916108200000010
Description
This ±2,590 square foot single-tenant retail building, situated on a 0.57-acre lot in Clearwater, Florida, presents a unique investment opportunity. Previously a quick-service restaurant, the property boasts a prime location at the signalized intersection of East Bay Drive and Bedford Circle West, offering excellent visibility and accessibility. The building, constructed in 1999, is a one-story structure with potential for drive-thru service. Its Class C designation reflects its adaptable nature for various uses, including restaurants, banks, pharmacies, or quick-service restaurants. The property benefits from convenient ingress/egress and shared parking with a nearby 34,360 square foot office center. This high-traffic location is surrounded by established businesses, including major retailers like Publix, Ross, Burlington, and Harbor Freight, as well as several recently constructed restaurants. The area's demographics are strong, with a dense population of 102,792 residents within a three-mile radius and an average household income of $79,736. The property's zoning (CG - Commercial General) allows for a variety of commercial uses. The site's location between Belcher Road and US Highway 19 provides exceptional exposure to a high volume of daily traffic (58,500 AADT on East Bay Drive, 17,300 AADT on Belcher Road, and 92,000 AADT on US Highway 19). This makes it ideal for owner-users seeking to repurpose the existing structure or investors looking for redevelopment potential. The property's address is 4535 E Bay Dr, Clearwater, FL 33764, with APN 36-29-15-70236-300-0601.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,335,000
- 6.5%
- $1,430,000
- 7%
- $1,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,365,000
- Geo Method
- $1,380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,480,000
- Retail
- $1,165,000
- Mixed-Use
- $1,195,000
- Hospitality
- $1,280,000
- Educational
- $1,210,000
- Residential Income
- $1,440,000
- Energy
- $1,525,000
- Income-Based Land
- $1,530,000
- Food Service
- $1,380,000
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7404
- Latitude
- 27.9159
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
