Property profile

4535 E Bay Dr Clearwater, FL 33764

FOR SALE
Turn key restaurants
Property ID
US19-0868876
2,590 SF 0.57 ac lot Built 1999
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Construction FRAME
Total area 2,590 SF
Lot 0.57 ac (24,668 SF)
APN 31-29-16-10820-000-0010
UPID US19-0868876

Cap rate & NOI

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

Location

4535 E Bay Dr Clearwater, FL 33764
Clearwater metro Census 25415 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2024
Last sale
$1.4M
3 recorded transactions
2024
$1.4M
2011
$1.0M
2006
$413,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.5M +14.6%

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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