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1105 Druid Rd E - Druid Rd Land
1.61 Acres of Residential Land Offered at £1,478,075 in Clearwater, FL 33756
Investment Highlights
- Approved for 112/bed ACLF in 2009 - City of Clearwater
- Potential for Assisted Care Living Facility; Multi-Family or Hotel development
- Directly across rom 150-Unit Bruce Manor Nursing Home - and adjacent to Hidden Oaks Apartments
Executive Summary
Exceptional Development Opportunity –directly across from 150-unit Bruce Manor Nursing Home & adjacent to Hidden Oaks Apts
Zoning: High Density Residential —City of Clearwater
Potential for Assisted Care Living Facility/Dementia Center,
Multi-family or Hotel development
*City of Clearwater approved 112/bed ACLF in 2009
Lot Dimensions: 265.16’ frontage on Druid Rd; 265.16’ depth
Utilities: Water, Sewer, Trash: City of Clearwater
Electric: Duke Energy
Parcel ID: 15-29-15-00000-340-0300
Flood Zone: X
2024 Real Estate Taxes: $24,010.00
ASKING PRICE: $1,800,000.00
*2009 City of Clearwater Approval
The subject site may be redeveloped with maximum of 145 beds which is more than the proposed 112 beds
The building proposed is designed to be 53 feet high providing for five floors of assisted living facility units
That the development proposal has been found to be in compliance with the Standards as per Tables 2-501.1 and 2-504.
Property Facts
| Price | £1,478,075 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 1.61 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £1,478,075 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.61 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £1,478,075 | Lot Size | 1.61 AC |
| Price Per AC | £918,059.17 |
| Price | £1,478,075 |
| Price Per AC | £918,059.17 |
| Lot Size | 1.61 AC |
Lot Dimensions: 265.16 x 265.16 - Corner of Druid Rd E and Martin Luther King Jr.
Description
Unlock the potential of this impressive 1.61-acre multifamily land located at the highly visible southeast corner of the signalized intersection of Druid Rd E and S Martin Luther King Jr Ave. Ideal for ALF, Multifamily and Hotel developers, this property offers a wealth of possibilities. Key Highlights: • Strategic Location: High-traffic intersection with excellent visibility and accessibility near Downton Clearwater, Belleair and Clearwater Beach. • Development Potential: Recent market study suggests a promising opportunity for a 93-unit Assisted Living Facility/Dementia Center, featuring 37,535 square feet of net rentable space within a total gross building area of 69,068 square feet. • Zoning Flexibility: Zoning is High Density Residential use by the City of Clearwater, with potential for multi-family, ALF or Hotel development. • Lot Dimensions: Generous 265’ frontage and 265’ depth, providing ample space for diverse projects. • Utilities: Water and sewer services by the City of Clearwater; electric supplied by Duke Energy. • Flood Zone: Situated in Flood Zone X, indicating lower flood risk. • Nearby Amenities: Directly across from the 150-unit Bruce Manor Nursing Home and adjacent to the 201-unit Hidden Oaks Apartments Asking Price: $1,800,000 Don’t miss out on this outstanding opportunity to invest in a desirable piece of Clearwater real estate. Contact us today to schedule a showing and explore the endless possibilities this property offers!
PROPERTY TAXES
| Parcel Number | 15-29-15-00000-340-0300 | Improvements Assessment | £0 |
| Land Assessment | £981,497 | Total Assessment | £981,497 |
PROPERTY TAXES
zoning
| Zoning Code | HDR (High Density Residential) |
| HDR (High Density Residential) |
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1105 Druid Rd E - Druid Rd Land
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