1100 S Myrtle Avenue

Description

Close to downtown Clearwater hard to find .833 acres 165 ft. frontage by 220 ft depth more or less of retail/services or combined mixed use development of residential & commercial use located in the Opportunity Zone of Clearwater. This property is also zoned for a commercial business only as well. Seller says he was informed by the City of Clearwater that you can build up to 24,000 sq. ft with a height of 30 ft. on the site. There is a possibility of 12,000 Sq Ft for 10 to 12 unit fpr apartments and another 12,000 sq. ft of commercial space obased on a required mixed use ratio. This can provide a developer with a great opportunity for a steady stream of residential income from apartment rentals and also rent from commercial business such as a variety store, restaurant retail store etc. Owner had recent Environmental Phase 1 check done on property with a new survey. Buyer will need to contact the Planning and Zoning Department of Clearwater to verify a development for the mixed use ratio of residential to commercial space on this site .Buyer will accept a due diligence of 15 days to verify what can be the use for new owner and another 15 days to close .