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405 Coronado Dr 1.75 Acres of Commercial Land Offered at $27,356,801 CAD in Clearwater, FL 33767
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 has completed all development approvals, saving months, if not years, in the development cycle. Once the buyer generates building plans for permitting, they are ready to start construction.
Approved: 135-key hotel with 20,000 square feet of retail space, 6,825 square feet of restaurant and a 160,795-square-foot parking garage
Approved: 135-key hotel with 20,000 square feet of retail space, 6,825 square feet of restaurant and a 160,795-square-foot parking garage
Property Facts
| Price | $27,356,801 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.75 AC |
| Zoning | AE | ||
| Price | $27,356,801 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.75 AC |
| Zoning | AE |
1 Lot Available
Lot
| Price | $27,356,801 CAD | Lot Size | 1.75 AC |
| Price Per AC | $15,632,457.73 CAD |
| Price | $27,356,801 CAD |
| Price Per AC | $15,632,457.73 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. 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.
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 08-29-15-17622-000-0010 | Improvements Assessment | $207,175 CAD |
| Land Assessment | $12,685,508 CAD | Total Assessment | $12,892,683 CAD |
Property Taxes
Parcel Number
08-29-15-17622-000-0010
Land Assessment
$12,685,508 CAD
Improvements Assessment
$207,175 CAD
Total Assessment
$12,892,683 CAD
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405 Coronado Dr
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