831 Grand Central St, Clearwater, FL 33756

About this home

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 is estimated at approximately $2,500 per unit per month, depending on final use, condition, rental strategy, and market demand. The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future 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.

Key facts

Type

Single Family Residence

Size

1,276 sqft

Bedrooms

2

Bathrooms

2

Avg. price per sqft

$297

Days on market

14

Year built

1946

Lot size

0.24 acres

Annual taxes

$3,975

Flood zone

X

Heating

Central

Cooling

Central Air

Furnished

Unfurnished

Subdivision

MILTON PARK

Financing

Cash, Conventional, FHA

Levels

One

County

Pinellas

MLS number

TB8536484

Status

Active

Property address

831 Grand Central St, Clearwater, FL 33756

Features and extras

• Range
• Refrigerator
• Thermostat
• Rain Gutters
• Sidewalk
• Common Area
• Ceramic Tile

Property details

Schools

District

Pinellas County School District

Elementary

BELLEAIR ELEMENTARY SCHOOL

Middle

CLEARWATER FUNDAMENTAL MIDDLE SCHOOL

High

PINELLAS HIGH INNOVATION

School grades from FLDOE public records. District polygons and school points from NCES EDGE. Assignment is not a legal attendance guarantee. Composite scores, when present, are derived from public records and are not official FLDOE grades.

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