Versatile Commercial Building in Clearwater Gateway District - This property is a rare find for investors seeking versatility and prime location. Situated at the corner of Franklin and Betty Lane, this 2, 700 SF mixed-use building includes land, ample parking for 25+ vehicles, and a wealth of possibilities for development or business use. His and her bathrooms with 2-4 stalls each, A waiting room/foyer, A private office space, A kitchen facility. Perfect for hosting events like weddings receptions or repurposing for an event center, restaurant, billiard room, medical office, or even residential redevelopment into condos or townhouses. Zoned for moderate-intensity residential and mixed-use, this property resides in Clearwater’s Downtown Gateway District, which promotes pedestrian-friendly, mixed-use development. The area is rapidly growing, with new residential projects and rich cultural amenities such as arts, international dining, and vibrant events, all just minutes from Clearwater Beach. Key Features: Prime location near Gulf-to-Bay Blvd and Court St. Close proximity to major employment hubs and transit Connectivity. No flood zone, maximizing usability. 15 miles to Tampa International Airport and 9 miles to St. Pete-Clearwater Airport. Unlock the limitless potential of this property in a booming, walkable area. Schedule your showing today! Buyer to verify all specifications and zoning requirements. Investment Highlights: Own Instead of Rent: Perfect for businesses tired of paying rent—own your space and build equity while establishing your local clientele. Ideal for medical offices, professional services, or other businesses. Prime Location: Strategically located in Clearwater’s Downtown Gateway District, close to major employment centers, transit routes, and cultural hubs. Minutes from Downtown Clearwater and Clearwater Beach. Zoning Flexibility: Zoned for mixed-use and moderate-intensity residential, allowing for various uses including medical offices, event venues, restaurants, warehouses, or redevelopment into condos or townhouses. Turnkey Amenities: Includes his-and-her bathrooms (3-4 stalls each), waiting room/foyer, private office, and a kitchen area. Move-in ready or easily adaptable to your needs. Future Growth Potential: Booming area with new residential developments, increased pedestrian traffic, and Downtown Gateway’s emphasis on mixed-use and walkable communities. Parking Capacity: Over 25 dedicated parking spaces—ample for clients, customers, and staff. A rare find in a busy district. And room for 423 feet of fencing around the property. No Flood Zone: Peace of mind for investors and developers—this property is located outside the flood zone. Tax Advantages: Potential tax benefits from owning commercial property, including depreciation, interest deductions, and property tax write-offs. Redevelopment Opportunities: The large lot size and strategic location make this property ideal for future redevelopment into high-demand residential or mixed-use projects. Proximity to Major Airports: Only 15 miles to Tampa International Airport and 9 miles to St. Pete-Clearwater Airport—attractive for businesses serving out-of-town clients. Community-Centric Environment: Surrounded by Clearwater’s rich local culture, arts scene, farmers markets, and international cuisine—enhancing employee and client satisfaction. Excellent Visibility: Corner lot with good traffic and excellent street visibility to attract attention to your business.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $910 | $910 | $910 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,185 | $4,109 |
Total Monthly Payment | $4,190 | $4,187 | $5,111 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.