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405 Coronado Dr 1.75 Acres of Commercial Land Offered at $27,690,001 CAD in Clearwater, FL 33767

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INVESTMENT HIGHLIGHTS

Bounded by streets on three sides, and with development approval in place, the parcel is ready for immediate development.

EXECUTIVE SUMMARY

This is one of the last development lots on Clearwater Beach and is shovel ready. The seller will have completed all development approvals by closing, savings months, if not years, in the development cycle. Once the buyer generates building plans for permitting, they are ready to start construction.

PROPERTY FACTS

Price	$27,690,001 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Commercial Retail Hospitality Hotel Parking Garage
No. Lots	1	Total Lot Size	1.75 AC
Zoning	AE - Final developed order approval is anticipated at the June 2025 Development Board Meeting.

Price	$27,690,001 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Hospitality Hotel Parking Garage
Total Lot Size	1.75 AC
Zoning	AE - Final developed order approval is anticipated at the June 2025 Development Board Meeting.

1 LOT AVAILABLE

Lot

Price	$27,690,001 CAD	Lot Size	1.75 AC
Price Per AC	$15,822,857.45 CAD

Price	$27,690,001 CAD
Price Per AC	$15,822,857.45 CAD
Lot Size	1.75 AC

The lot consists of parcel 08-29-15-17622-000-0010. Lots 1 thru 6, and 8 are the main body of the property, currently used as a parking lot. Lot 1A is a small parcel across Hamden Drive, for water access.

DESCRIPTION

The current owner has obtained a development agreement from the city for development of the property including a mid-range hotel with 136 keys, approximately 26,825 square feet of retail and a 400-space parking garage. Final Development Board approval is anticipated on June 17, 2025, the plans can be submitted for permitting. The three components are to be developed as a single, unified project, and will require that 300 of the 400 parking spaces be dedicated to the hotel and retail.

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