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- LoopNet Team
1105 Druid Rd E
Clearwater, FL 33756
Druid Rd Land · Land For Sale
·
1.61 AC
Investment Highlights
- Approved for 112/bed ACLF in 2009 - City of Clearwater
- Potential for Assisted Care Living Facility; Multi-Family or Hotel development
- Directly across rom 150-Unit Bruce Manor Nursing Home - and adjacent to Hidden Oaks Apartments
Property Facts
Description
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 Taxes
| Parcel Number | 15-29-15-00000-340-0300 | Improvements Assessment | $0 |
| Land Assessment | $1,314,794 | Total Assessment | $1,314,794 |
Property Taxes
