Druid Rd Land

1.61 Acres of Residential Land Offered at $1,800,000 USD in Clearwater, FL 33756

Asking Price $1,800,000

Property Type: Land

Listing Contacts

Elliott Ross

Verified Profile

Chris Shryock

Verified Profile

Property Info

Property Overview

Unlock the potential of this impressive 1.61-acre multifamily land located at the highly visible southeast corner of the signalized intersection of Druid Rd E and S Martin Luther King Jr Ave. Ideal for ALF, Multifamily and Hotel developers, this property offers a wealth of possibilities.
Key Highlights:
• Strategic Location: High-traffic intersection with excellent visibility and accessibility near Downton Clearwater, Belleair and Clearwater Beach.
• Development Potential: Recent market study suggests a promising opportunity for a 93-unit Assisted Living Facility/Dementia Center, featuring 37,535 square feet of net rentable space within a total gross building area of 69,068 square feet.
• Zoning Flexibility: Zoning is High Density Residential use by the City of Clearwater, with potential for multi-family, ALF or Hotel development.
• Lot Dimensions: Generous 265’ frontage and 265’ depth, providing ample space for diverse projects.
• Utilities: Water and sewer services by the City of Clearwater; electric supplied by Duke Energy.
• Flood Zone: Situated in Flood Zone X, indicating lower flood risk.
• Nearby Amenities: Directly across from the 150-unit Bruce Manor Nursing Home and adjacent to the 201-unit Hidden Oaks Apartments
Asking Price: $1,800,000
Don’t miss out on this outstanding opportunity to invest in a desirable piece of Clearwater real estate. Contact us today to schedule a showing and explore the endless possibilities this property offers!

Property Details

Property Subtype: Residential/Multifamily

Highlights

Approved for 112/bed ACLF in 2009 - City of Clearwater
Directly across rom 150-Unit Bruce Manor Nursing Home - and adjacent to Hidden Oaks Apartments
Potential for Assisted Care Living Facility; Multi-Family or Hotel development

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