For Sale
$35,000,000

405 Coronado DrClearwater, FL 33767

Prime 1.75-acre waterfront lot, hotel plans included.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.75-acre commercial land parcel in Clearwater Beach, Florida (APN 08-29-15-17622-000-0010), presents a lucrative investment opportunity. Located at 405 Coronado Dr, Clearwater, FL 33767, this property boasts unparalleled waterfront views and exceptional three-sided road access, ideal for a high-end development. Detailed plans for a 166-room hotel, including retail space, a rooftop pool, and nearly 400 parking spaces, are included in the sale. The city approval process is nearly complete. The property also includes 166 development density units, each valued at approximately $35,000, a rare commodity in this coveted location. Currently generating over $1 million annually in revenue from an existing parking business with minimal operating costs, this represents a significant income stream. This is one of the last large development sites remaining on Clearwater Beach. Multiple parcels are included, encompassing 406 Hamden Drive (waterfront). A survey is available upon request. The asking price is $35,000,000. The potential to build over 200 units exists with the purchase of additional density units.

Highlights

  • $35,000,000 asking price for 1.75 acres of commercial land in Clearwater Beach, FL.
  • Uninterrupted waterfront views and three-sided road access.
  • Approved plans for a 166-room hotel with retail space, nearly 400 parking spaces, and a rooftop pool.
  • Includes 166 density units valued at approximately $35,000 each.
  • Currently generates over $1 million annually in parking lot income.

Property Details for 405 Coronado Dr

Property type
Land
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.970723419088
Longitude
-82.828911571858
405 Coronado Dr, Clearwater, Florida

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405 Coronado Dr
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