405 Coronado DrClearwater, FL 33767

Property Details for 405 Coronado Dr

Lot size

1.75 AC

Property type

Land

Description

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.

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9707

Longitude

-82.8289

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