1747 Drew St
Clearwater, FL 33755
Drew Street Retail · Retail Property For Sale

John Burpee & Associates is proud to present the Drew Street Retail Plaza for your review. The property is an excellent 8,555 Gross / 7,200 Net Sqft,Value Add opportunity located on .50 Acres of land in Clearwater Fl. The property offers excellent upside for a future owner as the current rents are 20% under the local market average. Current ownership has not kept up with the demand of the market and has allowed current tenants to renew without pushing market rate increases in the last several years. The property has minimal deferred maintenance but could use a parking lot seal and striping to upgrade the exterior appearance. The concrete block construction assures future ownership of lower insurance and minimal long-term maintenance costs. Drew street has long been an excellent local market commercial corridor with direct access to downtown Clearwater and world famous Clearwater beach. The surrounding local market has 97% average occupancy with excellent demographics and traffic counts on Drew street and the surrounding market. Pinellas County is the most densely populated county in the state of Florida and continues to grow on an annual basis. Our firm stands ready to offer management for this asset should a new owner require such services.