331 Coronado Dr, Clearwater

$2,750,000

0 Beds
0 Baths
2,453 Sqft
.18 Acres
0 Garages

KW Commercial is pleased to offer for sale 331 Coronado Drive, a rare opportunity to acquire a prime development parcel perfectly positioned in world-renowned Clearwater Beach, Florida. Existing revenues generated by short-term vacation rentals provide investors with a unique opportunity to purchase a property with positive cash flow while leveraging current zoning to develop a high-density hospitality or residential mid-rise building. The Property offers an excellent market presence located less than 1,000 feet from pristine beaches and walking distance to the area's newest development area. Situated less than one block from the new 259-room Marriott and across from the Hyatt Regency. This opportunity offers ample returns to a savvy investor with a proven hedge against negative cash flow

Essential Information
MLS® #RX-10495969
Price$2,750,000
Square Footage2,453
Acres0.18
Year Built1956
TypeCommercial
Sub-TypeHotel/ Motel
StyleHotel / Motel
StatusActive
Community Information
Address331 Coronado Dr
Area5940
SubdivisionCOLUMBIA SUB NO. 2
CityClearwater
CountyPinellas
StateFL
Zip Code33767
Utilities

1-100 Amp, Cable, 3-Phase Electric, Municipal Water

Interior
AppliancesBuilding and Land, Trade Name
HeatingCentral
CoolingCentral
# of Stories1
Exterior
Lot DescriptionMotel Redevelopment
RoofComp Shingle
Additional Information
Date ListedJanuary 16th, 2019
Days on Market129
Zoning3913 (Hotels)
Listing Details
OfficeKeller Williams Realty Jupiter
Property History
Status Changed from New to Active
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All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 25th, 2019 at 3:15pm EDT.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 25th, 2019 at 3:03pm EDT.

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