tomo logo

$700,000

Beds
3
Baths
2.5
sq ft
2,547

1140 NE Cleveland St, Clearwater, FL 33755

1140 NE Cleveland St

CLEARWATER, FL 33755

  • 60 days on market
Presenting a unique and investment opportunity in Clearwater, FL! Perfect for investors looking to maximize potential returns. Tear-down property where the land is perfect for a new owner's vision. With a lot size of over 2,800 sq ft, there are endless options to rebuild to your personal needs and specifications. The property sits directly across the street from a major bank and a well-known hotel, and several restaurants within a short drive, offering unparalleled visibility and foot traffic for potential business opportunities. With its strategic location, this property is ideal for conversion into a lucrative commercial space, such as professional offices, retail shops, or a boutique business. The existing layout offers ample room for customization, making it easy to transform into a space that suits your vision. The attached office area adds immediate value, allowing for a seamless blend of residential and commercial use or a complete redevelopment into a fully commercial entity. Don't miss out on this rare chance to invest in a prime location with endless possibilities. This property’s combination of a sought-after address, proximity to key commercial establishments, and flexible use potential makes it a must-see for savvy real estate investors.

Details

Property type

Single Family Residence

Est. home value

$498,222

Property condition

Fixer

Lot size

5,998 sq ft

Price per sq ft

$275

Year built

1925

Annual property taxes

$920

Price History

09/06/2024
StellarMLS

StellarMLS #TB8300979

Listed
$700,000
-9.91%
09/01/2024
StellarMLS

StellarMLS #T3530244

Removed
$777,000
06/15/2024
StellarMLS

StellarMLS #T3530244

Price change
$777,000
-18.21%

Schools & Community

Elementary school: 

Belleair Elementary-PN

Middle school: 

Oak Grove Middle-PN

High school: 

Clearwater High-PN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Clara Hurst Lawhead

Loan start date

April 2017

Original loan amount

$46,900

Est. remaining balance

Not provided

Interest rate

4.1%

Loan type

Balloon, 1 year

Seller

Forrest Ford

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 5:40 AM

Listing updated: 09/09/2024 at 10:56 PM

Listed by: Christian Dubuche, REAL BROKER, LLC Phone #: (407) 279-0038

MLS: StellarMLS #TB8300979

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Recently listed in CLEARWATER