Clearwater, Florida, is an attractive destination for investors seeking to capitalize on the city's growing retail market. With a population of around 120,000, Clearwater offers a diverse range of retail properties for sale, including shopping centers, restaurants, office properties, and hotels. Retail properties in Clearwater are a sound investment opportunity, as the city's economy is supported by major employers like Morton Plant Hospital, Tech Data, and Honeywell. Additionally, Clearwater's ongoing downtown redevelopment, beautiful beaches, and attractions like BayCare Ballpark and Coachman Park make it an appealing location for businesses and tourists alike. The city's infrastructure, including the Clearwater Public Library System, Clearwater Marine Aquarium, and Pinellas Suncoast Transit Authority (PSTA) bus service, further enhances its appeal. With 67 retail properties for sale, investors have a wide range of options to choose from.
Clearwater's retail properties offer a unique blend of amenities, infrastructure, and location. The city's humid subtropical climate, with warm to hot temperatures year-round, makes it an attractive destination for tourists and residents alike. The Clearwater Beach, a renowned beach destination, attracts visitors for its white sandy shores and clear waters. In addition to its beautiful beaches, Clearwater is home to the BayCare Ballpark, which hosts spring training games for the Philadelphia Phillies, and the Clearwater Marine Aquarium, which is home to Winter the dolphin and other marine life. Shopping centers in Clearwater offer a range of retail options, while restaurants in the city provide a diverse dining experience. Office properties in Clearwater are ideal for businesses seeking to establish a presence in the city, and hotels in Clearwater cater to the city's growing tourism industry. With an average price per square foot of $388 USD, an average size of 11,248 square feet, and an average cap rate of 6%, retail properties in Clearwater offer a compelling investment opportunity.
What is the average cap rate for retail properties in Clearwater?
When it comes to retail properties in Clearwater, investors can expect an average cap rate of 6%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Clearwater, Florida, where there are 67 available listings of retail properties, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as downtown Clearwater's Cleveland Street District or along the popular Clearwater Beach, tend to command higher prices due to their proximity to amenities, attractions, and a large customer base, with an average price per square foot of $388 USD and an average size of 11,248 square feet.
