Former School (Repurpose / Redevelopment) — Sale in Clearwater, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Clearwater, FL 33759
Photos
Description
ATTRACTIVE ACQUISITION BASIS • Low Entry Point in Clearwater, FL: Offered at $800,000, the property provides an attractive acquisition basis within the Clearwater market. • Competitive Price Per Square Foot: Priced at approximately $165/SF, the asset offers a low cost basis for a freestanding building in the Tampa Bay MSA. • Freestanding Building on Nearly Half an Acre: The property consists of a 4,862 SF building situated on 0.46 acres, providing flexibility for future use or site reconfiguration. INFILL CLEARWATER LOCATION • Located Along State Road 590: Positioned directly on State Road 590, the property benefits from visibility and accessibility within an established Clearwater corridor. • Dense Surrounding Area: The site is surrounded by residential neighborhoods, schools, commercial uses, and key regional roadways. • Proximity to Major Commercial Corridors: Positioned near Clearwater’s key commercial corridors, providing convenient access to nearby retail, employment, and residential demand drivers. REPURPOSE / REDEVELOPMENT OPPORTUNITY • Former School Facility: Former school property offering investors or owner-users the ability to repurpose, reposition, or redevelop the asset for a variety of potential uses. • Adaptive Reuse Potential: Existing layout may support educational, childcare, office, medical, nonprofit, or community-oriented uses, subject to zoning approvals. • Flexible Investment Strategy: Vacant/former school configuration allows a buyer to customize the asset for occupancy, lease-up, redevelopment, or long-term hold strategies. Investment Highlights: • Repurpose / Redevelopment Opportunity • Attractive Acquisition Basis • Infill Clearwater Location
Market Context
This retail in Clearwater, FL is listed for sale. Compare it against other retail listings for sale in Clearwater, FL — view the full market.
As of Q4 2025, the Tampa retail market showed a 3.4% vacancy rate, average asking rents near $27.49/SF/yr, and rents up 4.5% year over year. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Tampa retail market tightening or softening?
- Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).
Estimated Price per SF
$134.30/SF – $976.70/SF
Mid: $406.96/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Reid Thedford · (813) 387-4726 · reid.thedford@marcusmillichap.com
- Evan Cannan · (813) 387-4765 · evan.cannan@marcusmillichap.com
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
Explore this market
Similar Retail Business for Sale in Clearwater, FL
- Windward Plaza — Contact for price · Clearwater, FL