1660-1682 S Missouri Ave
Clearwater, FL 33756
Loan Secured by Missouri Crossings · Retail Property For Sale

Location and Accessibility The property is well-located at a signalized intersection on Missouri Avenue, a major north/south thoroughfare that connects St. Petersburg to Tarpon Springs. It has four points of ingress/egress, three of which are accessible from both directional lanes. Strong Retail Viability Missouri Avenue is considered a viable retail corridor in Clearwater and has seen multiple redevelopment projects in recent years, just south of the subject property. Sizable Customer Base The densely-populated surrounding area, with over 107,000 residents within 3 miles, provides a strong customer base for tenants. Economic Strength Pinellas County has one of the healthiest economies in the state, with an unemployment rate under 4%, an indication of stable purchasing power by consumers residing in the County. Use Flexibility  C, Commercial zoning allows numerous uses, supporting a wide variety of development options, subject to any deed or other restrictions Value-Add Opportunity The existing vacancies provide significant upside potential. Recent Leasing Activities Two of the inline leases have recently been extended to 2020 and 2021. Only one inline lease expires prior to 2020 Tenant Mix The existing tenants include retail, restaurant, service, office and medical, attracting a variety of customers/clients to the center.