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111 N LADY MARY DRIVE Clearwater, FL $ 3,400,000
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111 N LADY MARY DRIVE
$ 3,400,000
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111 N LADY MARY DRIVE

Clearwater, FL, 33755
$ 3,400,000
Bedrooms-- Baths-- Sq 13,056

Monthly Estimate*

$ 20,934

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Commercial Property for sale in Clearwater, FL

for $3,400,000. This 13,056 square foot building was built in 1973 on a lot size of 0.53.

Kings Court Apartments - an 18-unit value-add multifamily asset in central Clearwater, minutes from downtown and the Gulf beaches and directly across from Clearwater Country Club. The mix is seven 1BD/1BA and eleven 2BD/2BA in a two-story CBS walk-up. Major capital is already in place: a 40-year TPO roof installed within the last ~3 years, newer HVAC across most units, copper wiring, and a resurfaced lot - the next owner's capital goes into interiors, not systems. In-place rents (avg ~$1,366) sit well below a renovated pro forma (~$1,694), with staggered 2026-27 lease expirations offering a turn-by-turn mark-to-market path supported by a comp set averaging ~$1,588. Trailing NOI ~$221K; pro forma ~$242K. Laundry and RUBS utility reimbursement add income. Tours by appointment through Rider RE only - please do not disturb tenants.

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Commercial Active

Price

$ 3,400,000

Property Type

Commercial

Taxes

$ 27,093

Style

Multi Family (5+)

Lot Size

0.53

Year Built

1973

Town/City

Clearwater

County/Region

Pinellas

MLS | Web ID

A4697854
Features
General
Sewer Public Sewer
Heating Central Individual Electric
Cooling Central Air
Utilities Electricity Available Public Water Connected
Possession Close Of Escrow
Roof Membrane
Appliances Refrigerator
Construction Materials Block
Year Built 1973
Electric Separate Meters
Levels Two
Property Subtype Multi Family (5+)
Tax Year 2025
Ownership Fee Simple
Gross Income 306960
County Pinellas
New Construction false
Property Type Commercial Sale
Subdivision Name BROOKWOOD TERRACE REV
Facing Direction Undetermined
Status Active
Directions From Sunset Point Rd turn south onto N Lady Mary Dr; 111 N Lady Mary Dr is on the property directly across from Clearwater Country Club.
City CLEARWATER
Number Of Units Total 18
MLS Area 33755 - Clearwater
Lot Size Units Square Feet
Lot Size Square Feet 23235
Listing Terms Cash
Tax Annual Amount 27093.08
Property Condition Completed
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4697854
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 7
Legal Description BROOKWOOD TERRACE REVISED BLK 1 LOTS 5 6 AND N 1/2 OF LOT 7
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 23235
Foundation Details Slab
Number of Buildings 1
Building Area Total 15448
Lot Dimensions 125 x 183
Lot Size Acres 0.53
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
G&R Real Estate Brokerage, Llc

Broker

William@RiderREco.com

Email

Affordability Calculator

$23,192
Per Month
90%
10%
0%
Monthly Principal & Interest
$20,934
Monthly Property Taxes
$2,258
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/23/2026$3,400,000 Listed Price

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111 N LADY MARY DRIVE, Clearwater, FL, 33755 is a Commercial Property for sale at $3,400,000 with 13,056 sqft and a lot size of 0.53. 111 N LADY MARY DRIVE was built in 1973. The property's zip code is 33755 which is in Clearwater, FL

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