Redevelopment Opportunity (For Sale)

• Ideal Owner-User or Value-Add Opportunity: The vacant ±8,320 SF freestanding building situated on a ±1.19 AC site offers flexibility for an owner-user, investor, or developer to evaluate continued commercial use, repositioning, or potential future redevelopment. The property’s existing improvements and sizable site provide multiple avenues for creating value, subject to zoning, site planning, permitting, and buyer due diligence.
• Modern Construction & Quality Built: Built in 2014, this property features newer construction, minimizing the immediate capital expenditure requirements typical of older retail assets.
• Generous Lot Size & Parking: Situated on a spacious ±1.19 AC lot, the property provides ample surface parking for high-volume retail or medical uses.
• High Visibility Frontage: The site boasts excellent visibility along N Myrtle Ave, which sees traffic counts of approximately ±12,000 vehicles per day.
• Prime Tampa Bay Submarket: Clearwater is a highly desirable coastal city within the Tampa Bay MSA, which is the 3rd largest city in Florida and experiencing an impressive 1.25% annual growth rate. Forbes Magazine has rated the area as the #1 place to live in Florida.
• Exceptional Density: The property benefits from incredibly dense surrounding demographics, with a population of over 82,142 residents within just a 3-mile radius and 204,073 within a 5-mile radius.
• Strong Purchasing Power: The immediate 1-mile radius boasts an average household income of $102,375, expanding to $111,919 within a 5-mile radius, providing a strong consumer base for any incoming retail concept.
• Synergistic Retail & Medical Corridor: The property is surrounded by major traffic drivers. It is located just minutes from Morton Plant Hospital (a major 687-bed facility), and shares the corridor with national brands including Publix, Walgreens, Dunkin’, Subway, and Extra Space Storage.
• Booming Tourism & Tech Economy: Clearwater’s economy is robust, driven by world-renowned tourism at Clearwater Beach, a rapidly expanding healthcare sector, and a growing technology and startup ecosystem.