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1251 S Martin Luther King Jr. AVENUE, Clearwater, FL, 33756 | $375,000
Prime Development Opportunity
Discover endless possibilities with this versatile vacant land parcel in the heart of Clearwater, Florida. Currently zoned for commercial use with the potential for rezoning to high or medium density residential, this property offers a blank canvas for visionary developers and investors. Located on the bustling S. Martin Luther King Jr. Avenue, the site boasts excellent visibility and accessibility, making it an ideal spot for a variety of ventures.
Situated just minutes from downtown Clearwater and the world-famous Clearwater Beach, this property enjoys a prime location in a rapidly growing area. Easy access to major highways like US-19 and FL-60 ensures seamless connectivity, while proximity to Tampa International Airport (approximately 20 miles away) adds to its appeal for businesses and residents alike.
The flexibility of this parcel opens doors to numerous development options. For those eyeing commercial prospects, the site is perfect for a retail center, office complex, mixed-use development, or even a restaurant or hospitality venue. If residential development is your goal, the potential for rezoning allows for exciting possibilities such as a multi-family apartment complex, townhome community, condominium development, or a senior living facility.
The surrounding area further enhances the property's value. Nestled among thriving residential neighborhoods and established commercial corridors, the location offers the best of both worlds. Nearby educational institutions and healthcare facilities contribute to the area's desirability, promising a steady influx of potential customers or residents.
Don't miss this opportunity to be part of Clearwater's growth story. Whether you're envisioning a bustling commercial hub or a modern residential community, this property adapts to your vision. With its strategic location and development potential, 1251 S. Martin Luther King Jr. Avenue is poised to become a cornerstone in Clearwater's evolving landscape.
Contact us today to explore the possibilities and schedule a site visit. This versatile property awaits your creative touch to transform it into Clearwater's next success story.
Features
- Lot Size: 117.5 x 312.5
- MLS#: TB8310650
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/TB8310650/1251smartinlutherkingjravenue_clearwater_fl?source=qrflyer
Listing courtesy of COASTAL PREMIER PROPERTIES NWFL Phone: 850-502-6300
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1251 S Martin Luther King Jr. AVENUE, Clearwater, FL, 33756
$375,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,072 | $1,971 | $2,511 |
| Total Monthly Payment | $2,147 | $2,046 | $2,586 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388