629 Bay Esplanade - Specialty FOR SALE


Clearwater Beach, FL 33767
$7,900,000 USD
727-584-7355
629 Bay Esplanade, Clearwater Beach, FL for Sale
$7,900,000 USD
Specialty - FOR SALE
1/43
null | Request Cap Rate

629 Bay Esplanade
Clearwater Beach, FL 33767


HIGHLIGHTS

  • Clearwater Beach Waterfront - 4 buildings
  • 4 Parcels - 3 land parcels and .29 parcel of submerged land currently a waterfront motel
  • Possible Redevelopment Site - ( 14 condos or 36 hotel rooms ) must verify with city

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$742 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

629 Bay Hotel

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

CP, Clearwater Beach

APN/PARCEL ID

05-29-15-00000-320-0100,05-29-15-54756-078-0080,05-29-15-54756-078-0090,05-29-15-54756-078-0100

ASK ABOUT THIS PROPERTY

Georgette GillisViewpoint Realty InternationalMore Info
727-584-7355

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Georgette GillisViewpoint Realty InternationalMore Info
727-584-7355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.