831 GRAND CENTRAL STREET, Clearwater, FL 33756

• 2 beds |
• 2 baths |
• 1,276 sqft

Property Description

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 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.

Listing Status:

Active

Date Added:

May 6, 2026

Data Last Updated:

May 26, 2026 at 12:24PM

Listing Office:

AGILE GROUP REALTY : 813-569-6294

Listing Agent:

Bill Kulaga : 727-644-3758

MLS ID:

TB8505654

Interior

• General: Thermostat
• Appliances: RangeRefrigerator
• Laundry: Common Area
• Flooring: Ceramic Tile
• A/C: Central Air
• Heating: Central

Exterior

• General: FenceRain GuttersSidewalk

Construction

• Roofing: Shingle
• General: BlockOneSlab

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: MILTON PARK BLK 10LOT 3 & W 1/2 OF LOT 2 LYING IN SEC 2221-29-15-58068-010-0030

Utilities

• Utilities: Cable AvailableElectricity AvailableSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple