249 BOCA CIEGA DRIVE,Madeira Beach,Pinellas,Residential Income

Rare waterfront redevelopment opportunities situated on two lots totaling approximately 12,628 ft.² (0.28 acres) with approximately 95 feet of seawall in a laid-back and beautiful neighborhood. The property currently has three existing structures, each approximately 720 ft.² situated on a slab foundation with wood siding. The existing structure sustained substantial damage from the hurricane, and the property is being marketed primarily for its land value and redevelopment potential. Seller makes no representations or warranties regarding the condition of the existing structures. The structures currently remain in place as plans may need to be drawn and approved prior to demolition in order to preserve the opportunity for three properties across the two existing lots. Property use is multifamily less than 10 units, with a three month minimum rental period. Buyer is responsible for independently, verifying zone, land use, rental restrictions, building, permitting, demolition, density, and redevelopment requirements with the appropriate municipality. Ideally located just a short walk to John’s Pass Village and the sandy beaches of Madeira Beach, this is a unique opportunity to own approximately 0.28 acres of waterfront property along Boca Ciega Bay with 95 feet of seawall and create something new in a highly desirable location.