2381 Gulf to Bay Blvd is aretail property for lease in Clearwater, FL.
This 4.456 acre property is located directly on busy Gulf-to-Bay Blvd - just west of U.S. 19 and east of Belcher Road. It consists of two adjacent parcels, one which is within the county and and one which is within the city of CW. The southerly county parcel (see maps) is 2.40 acres and the northerly parcel is 2.04 acres. The existing mobile home park is operating and cash flowing, although loosely managed. It currently has 30% vacancy and with that an NOI of $106,371. With a reasonably expected 15% vacancy the NOI would be $165,058. Zoning info, parcel maps, aerial maps, Inc and Exp's and more is part of the attachments herein. The development play here is the upside, especially at this price. The existing cash flow can assist during planning and design period.
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- Ed Killmer, agent and Rofo Pro