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1.75 acres Clearwater Beach

$25,000,000

405 Coronado Drive, Clearwater, FL 33767

Active
Last Updated: 12/27/2024

1.75 acres

Lot Area

 
Details:
Lot Area:    1.75 acres
Highlights:
  • Last large parcel on Clearwater Beach
Description:

A rare find in Clearwater Beach, offering uninterrupted views and the tranquility of waterside living. Strategic Access: Three-sided road access ensures optimal connectivity for commercial and guest flows.
Approved Hotel Plans: The purchase includes detailed drawings for a visionary 166-room hotel project with retail potential, representing a near-complete city approval process. 166 rooms, Nearly 400 parking spaces, Restaurants, Rooftop swimming pool Optional commercial retail space. Valuable Density Units: Comes with 166 development density units valued at approximately $35,000 each. These units are scarce commodities in Clearwater Beach, adding a significant premium to the property’s intrinsic value. Parking Business Income: An existing parking business provides a robust revenue stream, drawing over $1 million annually with minimal operating costs.
One of the last large development sites left on Clearwater Beach. Multiple parcels including parcel (29-15-08-17622-000-0010) 406 Hamden Drive (waterfront). Currently an income-producing parking lot. Can build over 200 units with the purchase of additional density units. Survey available. Plans available

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