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629 Bay Hotel 629 Bay Esplanade 21 Room Hotel Clearwater Beach, FL 33767 $11,247,467 CAD ($535,594 CAD/Room)
Investment Highlights
- Clearwater Beach Waterfront - 4 buildings
- Possible Redevelopment Site - ( 14 condos or 36 hotel rooms ) must verify with city
- 4 Parcels - 3 land parcels and .29 parcel of submerged land currently a waterfront motel
Executive Summary
This rare waterfront redevelopment opportunity is located on Clearwater Beach’s Bay Esplanade, offering a prime position along the Intracoastal Waterway. The property spans approximately 0.67 acres and includes three land parcels plus an additional 0.29-acre submerged land parcel. Currently operating as a motel with 21 units across four buildings, the site provides significant upside for redevelopment into a luxury residential or hospitality project. Preliminary discussions suggest potential for up to 14 condominium units or 36 hotel rooms, subject to city approval.
The site boasts 198 feet of waterfrontage, concrete seawall, and over 25 off-street parking spaces, making it an attractive canvas for developers seeking to capitalize on Clearwater Beach’s strong tourism and residential demand. Public utilities, including water and sewer, are available, and the property is zoned for commercial use. Its location offers convenient access to Mandalay Avenue, Clearwater Beach attractions, and the Memorial Causeway, connecting to downtown Clearwater and the greater Tampa Bay region.
The site boasts 198 feet of waterfrontage, concrete seawall, and over 25 off-street parking spaces, making it an attractive canvas for developers seeking to capitalize on Clearwater Beach’s strong tourism and residential demand. Public utilities, including water and sewer, are available, and the property is zoned for commercial use. Its location offers convenient access to Mandalay Avenue, Clearwater Beach attractions, and the Memorial Causeway, connecting to downtown Clearwater and the greater Tampa Bay region.
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 21 | $308.95 CAD | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $579,635 CAD | |
| Land Assessment | $5,258,009 CAD | Total Assessment | $5,837,643 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$5,258,009 CAD
Improvements Assessment
$579,635 CAD
Total Assessment
$5,837,643 CAD
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629 Bay Hotel | 629 Bay Esplanade
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