Clearwater Beach Vacation Rentals for Sale

Multi-Family for Sale
Catylist Listing ID: 30011889
Number of Units: 6 Units
Building Size (RSF): 4,703 SF
Gross Land Area: 16,500 SF
Sale Price: $2,000,000
Unit Price: $333,333.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Mandalay Place
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2017

Overview / Comments

Prominent property on north Clearwater Beach!

Currently improved with two cottages and two duplexes for a total of six dwellings - could be ideal vacation rental operation or raze and redevelop.

Excellent location next to City Park, just north of the north beach commercial hub with access to beautiful Clearwater Beach directly across the street!

The combination of zoning (T - Tourist District) and land use plan (RFH - Resort Facilities High) will permit a wide variety of uses. Restaurant, retail, nightclub, hotel (up to 27 rooms), or condo (up to 11 units).

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Clearwater
Tax ID/APN: 05-29-15-54792-002-0010 , 05-29-15-54792-002-0020, 05-29-15-54792-002-0030
Zoning: T - TOURIST DISTRICT - CITY OF CLEARWATER
Property Located Between: Located on Mandalay Avenue, Between Royal Way and McKay Park
Highway Access: Take the Clearwater Causeway and continue on Gulf to Bay Boulevard for 10 miles to I275
Airports: St. Pete Clearwater International Airport - 32 minutes away | Tampa International Airport - 36 minutes away
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1939
Roof Type: Gable
Construction/Siding: Wood Frame
Heat Type: Electricity
Heat Source: Central
Lot Frontage: 150
Lot Depth: 110
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: MANDALAY REPLAT UNIT 5 BLK B, LOT 1, and MANDALAY REPLAT UNIT 5 BLK B, LOT 2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,763 49,190 145,739
Median Age: 59 45.06 46.72
Households: 1,492 22,193 66,217

Contact

© Copyright Florida Gulfcoast Commercial Association of REALTORS┬« . All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.