Cleared Redevelopment Site in Downtown Clearwater

1242 Cleveland Street, Clearwater, FL 33755

Property Information

  • For Sale $4,420,000
  • Property Type Multi-Family
  • Lot Size 1.99 Acre
  • # of Floors 1
  • Date Updated Jul 3, 2026

Description

KW Commercial Tampa Properties is pleased to present 1214–1242 Cleveland Street, Clearwater, FL 33755 (the “Property”). This rare, nearly 2-acre four-parcel assemblage in the heart of Downtown Clearwater now offers a fully cleared development site spanning a full city block along Cleveland Street, plus a stand-alone parking lot to the west — providing scale, flexibility, and immediate redevelopment potential. The property is zoned (D)-Downtown and features 435 feet of frontage from N Jefferson Ave to N Lincoln Ave. All existing retail improvements have been removed, allowing a developer to move forward without demolition risk or delay.

Positioned steps from the new Clearwater Gardens housing community and near major projects such as the Bluff Apartments, Harborview Hotel, new City Hall, the PSTA Transit Station, and the Cleveland Street Alliance’s planned entertainment and cinema destination, the site stands as a true generational redevelopment opportunity in Clearwater’s urban core. The completed demolition further streamlines execution and enhances the property’s appeal to multifamily, hotel, or mixed-use developers seeking a shovel-ready infill opportunity.

 

Contacts

Location

Located at 1242 Cleveland Street, Clearwater, FL 33755, this property is part of the Downtown Clearwater neighborhood and Tampa St Petersburg Clearwater market.

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