$429,000

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200 S Bayshore Boulevard Clearwater, FL, United States 33759

Under contract-accepting backup offers. Prime Investment Opportunity with Price Improvement! Discover exceptional investment potential in this ideally located property—just 2 minutes from Downtown Safety Harbor and directly across from the Bayshore Pedestrian Trail. This sought-after location is within walking distance to Nova Southeastern University, only 15 minutes to Tampa International Airport, and 20 minutes to the Gulf beaches, offering unbeatable appeal for both short-term and long-term rental markets. The property features two versatile units: • Main Unit: 1,600 sq. ft. | 3 Bedrooms | 2 Bathrooms • Second Unit: 851 sq. ft. | 2 Bedrooms | 1 Bathroom This flexible configuration allows for multiple rental strategies—live in one unit and rent the other, or lease both for maximum cash flow. Situated on a 0.314-acre lot, the property offers ample space for future development, expansion, or upgrades. There’s even the potential to subdivide the parcel into two lots, significantly increasing overall value and ROI potential. While the property was impacted by Hurricane Helene and is being sold as-is, this represents an exciting rebuild or redevelopment opportunity. The City of Safety Harbor and FEMA have cleared the property for refurbishment (see attached FEMA substantial damage letter). It is located in an AE flood zone, and the existing flood policy can be transferred to the new owner under a “Policy Assumption” (buyers should confirm details with their insurer). Additional highlights include: • Hurricane-rated windows (installed 2020) with lifetime transferrable warranty • City and FEMA clearance for renovation • Outstanding location near key employment, education, and recreation hubs This property is a rare find for investors seeking strong rental income, value-add potential, and a prime Safety Harbor location with tremendous future upside.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Land
  • Architectural Style: Other
  • Home size: 0 ft2 / 0.00 m2
  • MLS: TB8352958
  • Status: Pending
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Coastal Properties Group International Forbes Global Properties

(727) 493-1555

Get more listing details on brokerage site

Presented by Scott Dailey

  • (727) 493-1555 (Office Phone)

Contact Scott Dailey

Contact Agent

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