1466 Gulf To Bay Street Unit 11, Clearwater, FL 33755

Property Description

Introducing a remarkable, newly-renovated short-term rental opportunity in Clearwater's Central Business District. What was once a motel has been transformed into an 11-unit, 4,707-square-foot Airbnb/VRBO income generator. This property is strategically positioned on a .55-acre lot that stretches from street to street in Downtown Clearwater. It's directly on the coveted Gulf To Bay corridor, which boasts higher Average Daily Rates (ADR) and occupancy rates, thanks to the 15.4 million ecotourists who visit Pinellas County Beaches annually. This prime location is a stone's throw away from the downtown waterfront and offers easy access to The District on Cleveland Avenue, a bustling hub of shops, restaurants, and cultural activities. The property's strategic location places it just 4 miles from Clearwater Beach, 7.8 miles from Belleair Beach, and 12 miles from Ben T Davis Beach. Additionally, it's a mere 8.7 miles from Clearwater/St. Pete International Airport and 16 miles from Tampa International Airport, ensuring convenient access for travelers. Every structure on this property has been meticulously renovated (3 units currently under final renovations will not be delivered furnished) and is fully furnished, making it move-in ready for immediate occupancy on platforms like VRBO and Airbnb. The surrounding area offers enticing municipal incentives, including grants from The Downtown Development Board. These incentives are crafted to promote vibrant live, work, and play environments while also supporting building renovations and improvements. This property represents more than just an investment opportunity; it's a portal to the future of Clearwater's Central Business District. Due to the property's grandfathered zoning, it stands as one of the few in the CBD that permits short-term rentals under its current zoning. Looking ahead, the region's future land use provides developers with a plethora of opportunities. With the potential for up to 35 units per acre, building heights of up to 55 feet, and .55 FAR lot coverage, the prospects for future development are truly limitless.