200 S BAYSHORE BLVD Active Save Request In-Person Tour Request Virtual Tour
Clearwater,FL 33759
Key Details
Property Type Vacant Land
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Bayedge Terrace
MLS Listing ID TB8352958
Annual Tax Amount $6,674
Lot Size 0.310 Acres
Property Sub-Type Multi-Family
Property Description
Prime Investment Opportunity with price improvement! This property is ideally located just 2 minutes from downtown Safety Harbor and across from the Bayshore Pedestrian Trail, walking distance to Nova Southeastern University, 15 minutes from Tampa International Airport, and 20 minutes from the Gulf beaches—offering a major advantage in attracting tenants. The area is highly desirable for both short-term and long-term rentals, making it an excellent location for income generation. The property features a larger unit (1,600 square feet, 3 beds, 2 baths) and a smaller second unit (851 square feet, 2 beds, 1 bath), appealing to a wide variety of tenants. The layout allows for flexible rental strategies, enhancing its potential for steady cash flow. Sitting on a 0.314-acre lot, the property offers ample space for future development or upgrades. The possibility to subdivide the lot into two parcels adds significant value, particularly for investors looking to maximize their returns. While the property was affected by Hurricane Helene and is being sold in "as-is" condition, this presents an opportunity to rebuild, which could significantly increase its value. Hurricane Windows installed in 2020 and have a lifetime warranty transferrable to the next owner. The property has been cleared by the city and FEMA to be refurbished. see the attached FEMA substantial damage letter. The property is located within an AE flood zone. A one-time transfer of the flood policy is available under a "Policy Assumption" (interested buyers should confirm details with their insurance company). Additionally, the potential for subdividing the land could allow for two separate properties, offering even greater future value. This property represents an incredible, near-term opportunity for investors seeking strong rental income with significant future development potential!
Location
State FL
County Pinellas
Community Bayedge Terrace
Area 33759 - Clearwater
Exterior
Utilities Available Public
Building
Sewer Public Sewer
Water None
Schools
Elementary Schools Safety Harbor Elementary-Pn
Middle Schools Safety Harbor Middle-Pn
High Schools Countryside High-Pn
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8352958