Property profile & analytics
4535 Bay Dr Clearwater, FL 33764-5723
- Turn key restaurants
- 2,590 SF
- 0.57 lot acres
OFF-MARKET
Last Sale
Aug 07, 2024
Aug 07, 2024
$1,350,000
Value Estimations
$1,350,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US19-0868876
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,350,000
- ML approach
- $1,350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,089,000
- AI Estimate
- $1,089,000
Market price range: $575k - $2.46MMarket price range: $575k - $2.46M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,325,000 Current use
- AUTO REPAIR, GARAGE
- $1,520,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,480
$0.00
$0.00
$515,000
-
$279,887
$235,113
$515,000
