Clearwater Collection
Clearwater, Florida
Building
Stats
- Property Type Retail - Strip Center
- Building size (SF) 134,362
- Size (Ac) 13.5
- Price $5,000,000
Overview
Call for offers - March 31, 2022
Avison Young is pleased to exclusively offer via receivership sale the Clearwater Collection (“the Property”), a ±134,362 SF retail property located on a ±13.5 acre lot with significant redevelopment potential. The Property is located in Clearwater, FL, in the booming Tampa metropolitan area, approximately 20 minutes west of downtown Tampa and 20 minutes north of St. Petersburg. With one tenant in occupancy of 48.9% of the NRA and five years of term remaining with no extensions, the Property offers incoming owners the flexibility to pursue a traditional value-add retail deal with the opportunity for substantially enhanced returns via lease-up, or a mid-term covered mixed-use redevelopment play with generous zoning offering an estimated 20-25 residential units per acre in addition to other commercial uses.
