708 Chestnut St, Clearwater, FL 33756-5640
- Retail space
- 8,316 SF
- 0.39 lot acres
Current Use by Public Records
- Retail space
Property Details for 708 Chestnut St
- Year built
- 1949
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.39 lot acres
- Property type
- Retail space
- APN
- 15-29-15-54450-014-0060
- APU
- 152915544500140060
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 10, 2018 | $750,000 | Chestnut & Mrytle LLC | Minkoff,sue & David | Warranty Deed | — |
| Feb 17, 2017 | — | Pv-court LLC | Pv-court LLC | Quit Claim Deed · related | — |
| Dec 15, 2016 | — | First M Corp Dbpp Of Trust | — | Deed · related | $400k · Stewart Willis M Trust (pt) |
| Jun 29, 2010 | — | First M-corp Dbpp & Trust | Clearwater Village Lc | Quit Claim Deed · related | — |
| Jun 18, 2010 | — | Minkoff Sue Trust | Clearwater Village Lc | Grant Deed · related | — |
| Jun 14, 2010 | $200,000 | First M-corp Dbpp & Trust | Clearwater Village Lc | Quit Claim Deed · related | — |
| Jul 21, 2009 | — | Village Lc Clearwater | — | Trustees Deed · related | $400k · Grampus Corp Psp |
| Jul 1, 2008 | — | Village Lc Clearwater | — | Trustees Deed · related | $400k · Grampus Corp Psp |
| Jun 26, 2002 | $350,000 | Village Lc Clearwater | Myrtle Properties INC | Grant Deed | $165k · Edward E Marsh |
| Jun 10, 1997 | $191,700 | Myrtle Properties INC | First Kalamazoo Co | Grant Deed | $180k · Barnett Bank |
| — | — | First M Corp Dbpp & Trust | — | Deed Of Trust · related | $400k · Stewart Willis M Trust |
| — | — | First M Corp Dbpp Of Trust | — | Loan Modification · related | $400k · Stewart Willis M Trust (pt) |
| — | — | First M Corp | — | Deed Of Trust · related | $400k · Stewart Willis M Trust |
| — | — | First M Corp Dbpp Of Trust | — | Loan Modification · related | $400k · Stewart Willis M Trust (pt) |
| — | — | Clearwater Village Lc | — | Deed Of Trust · related | $400k · Stewart Willis M Trust (tr) |
Description
This exceptional mixed-use property, located at 708 Chestnut Street in Downtown Clearwater, Florida (zip code 33756), presents a compelling investment opportunity. Currently under construction and slated for completion by February 2025, this 17,000 square foot building boasts a prime corner location just one mile from Clearwater Beach, situated on two high-traffic streets. The building comprises 14 apartments and 4 storefronts, offering a diverse income stream. The asking price is $7,900,000, translating to a price per square foot of $464.71. This translates to a projected cap rate of 7.00%. Currently vacant, this property offers a unique chance to establish tenancy and maximize rental income upon completion. The building's strategic location in the vibrant Downtown Clearwater area ensures strong potential for both residential and commercial occupancy. Pinellas County's thriving economy and tourism further enhance the investment prospects. This is an exceptional opportunity to acquire a high-yield mixed-use property in a rapidly growing Florida market. The property is situated at 27.96110175742512 latitude and -82.79583919896947 longitude.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $972,000
- AI Estimate
- $972,000
Market price range: $972k - $2.42MMarket price range: $972k - $2.42M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,465,000
- OFFICE BUILDING
- $1,410,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7961
- Latitude
- 27.9612
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
