Your email has been sent.
405 Coronado Dr 1.75 Acres of Commercial Land Offered at $20,000,000 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
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
1 Lot Available
Lot
| Price | $20,000,000 | Lot Size | 1.75 AC |
| Price Per AC | $11,428,571.43 |
| Price | $20,000,000 |
| Price Per AC | $11,428,571.43 |
| 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.
Property Taxes
| Parcel Number | 08-29-15-17622-000-0010 | Improvements Assessment | $148,743 |
| Land Assessment | $9,107,656 | Total Assessment | $9,256,399 |
Property Taxes
Presented by
405 Coronado Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.