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$629,000

Est. payment - /mo

0.31 Acres Lot

Price Dropped by $50K

200 S BAYSHORE BLVD Clearwater, FL 33759

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Team Virgadamo

[email protected] +1(727) 807-8833

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Key Details

Property Type Vacant Land

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Bayedge Terrace

MLS Listing ID TB8352958

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $6,674

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 125x109

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

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water None

Schools

Elementary Schools Safety Harbor Elementary-Pn

Middle Schools Safety Harbor Middle-Pn

High Schools Countryside High-Pn

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8352958

Listed by COASTAL PROPERTIES GROUP INTERNATIONAL

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Team Virgadamo

Co-Owner, Operations Manager | BK3291480

+1(727) 807-8833

200 S BAYSHORE BLVD Clearwater, FL 33759

Team Virgadamo

Key Details

Location

Exterior

Building

Schools

Others

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200 S BAYSHORE BLVD

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