Clearwater McDonald’s property sells for $3 million

The property was sold as a ground lease sale to a New York investor.

  • By Louis Llovio
  • | 3:55 p.m. June 6, 2024
  • | 0 Free Articles Remaining!
The land where a Clearwater McDonald's stands has been sold to a New York investor.
The land where a Clearwater McDonald's stands has been sold to a New York investor.
Image courtesy of SRS Capital Markets
  • Tampa Bay-Lakeland
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A Clearwater property with a McDonald’s on it has sold as part of a 1031 Exchange for the equivalent of a lot Big Macs.

The property is at 2871 Gulf-to-Bay Blvd. and, according to Pinellas County property records, the buyer was a Syracuse, New York, company tied to commercial real estate developer and management firm The Widewaters Group.

It paid $3.07 in a ground lease sale.

 

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