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831 Grand Central Street

CLEARWATER, FL 33756
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Bed 2

Bed

Bath 2

Bath

SqFt1,276

Sqft

Acres0.24

Acre(Lot)

Rare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater’s active growth corridors. Situated on an 83’ x 127’ quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1-bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential per unit per month depends on the final use, condition, rental strategy, and market demand. Inquire for details! The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a fut ure owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clearwater. For the buyer looking to control land, create income, and unlock future value, this is a Clearwater opportunity worth serious attention.

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Detail Ic Property Details

Property Type : Residential Income

Price : $378,500

AD Id : 77999952

MLS Id : MFRTB8505654

Beds : 2

Lot Size : 0.24 Acre

Living Area Size : 1,276

Year Built : 1946

County : Pinellas

Subdivision: Milton Park

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 2

    Interior Features

    Thermostat Roof: Shingle Appliances: Range, Refrigerator Laundry Features: Common Area

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Ceramic Tile Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1946
  • Exterior Features

    Fence, Rain Gutters, Sidewalk Construction Materials: Block Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 83x127 Lot Square Feet: 10563 Lot Acres: 0.24 Lot Size (SqMt): 981

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$420500

  • Tax Information

    Tax Block: 10 Tax Book Number: 1-69 Tax Lot: 3 Tax Legal Description: MILTON PARK BLK 10, LOT 3 & W 1/2 OF LOT 2 LYING IN SEC 22 Annual Tax: $3975.39 Tax Year: 2025 Parcel Number: 21-29-15-58068-010-0030

  • Utility Information

    Cable Available, Electricity Available, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: MILTON PARK City: CLEARWATER Direction: NORTH ON MYRTLE TO RIGHT ON GRAND CENTRAL,PROPERTY ON RT SIDE
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1634 S Jefferson Avenue, Clearwater, FL, 33756 $275,000 4 2 1,560 1,560 SqFt
612 S Lincoln Avenue, Clearwater, FL, 33756 $499,000 5 2 1,720 1,720 SqFt
1332/1334 Tioga Avenue, Clearwater, FL, 33756 $350,000 2 2 1,276 1,276 SqFt
1379 S Martin Luther Ki.., Clearwater, FL, 33756 $445,000 5 3 1,603 1,603 SqFt
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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: MFRMLS #TB8505654 LISTED BY: Bill Kulaga, AGILE GROUP REALTY 813-569-6294 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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