4535 Bay Dr Clearwater, FL 33764-5723
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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