Commercial Sale · Hotel/Motel
331 CORONADO DRIVE, CLEARWATER, FL, 33767
Active8 days on marketListed Oct 5, 2026MLS #O6447559
About this property
The property at a glance
Rare Clearwater Beach redevelopment site, ±450 feet from the sand. 331 Coronado Drive sits in the center of the South Beach hotel district, across from the Hyatt Regency, beside the 255-room Residence Inn and SpringHill Suites, and less than half a mile from Pier 60 and Beach Walk. Tripadvisor ranked Clearwater Beach the No. 2 beach in the United States for 2026, and Pinellas County welcomed nearly 15 million overnight visitors in 2025. Small parcels this close to the beach seldom come to market. The lot is ±6,726 SF (0.15 acre) with ±60 feet of frontage on Coronado Drive, the main corridor carrying visitors from the Pier 60 roundabout to the South Beach hotels. Two public parking garages stand directly across the street. Zoning is Tourist (T) with a Resort Facilities High land use, and it allows an unusually wide range of uses. The City of Clearwater confirmed in September 2026 that the lot can be developed with resort residences that may be rented for any term (up to 4 units), mixed use, restaurant, bar, retail or office. Heights of 35 to 50 feet are available through staff review and up to 100 feet through a public hearing. No rezoning is required. All development is subject to City approval. The existing 1950s buildings, formerly a 3-unit vacation rental with a pool, were damaged in the 2024 hurricanes and have been taken down to the shell. The property is offered as-is, giving a buyer a clean start and allowing new construction above the flood elevation with parking below. Concept studies are available for 2 options, including a 4-residence building with a rooftop terrace and an elevated restaurant with open-air dining. Suited to a developer, a short-term rental investor, or a restaurant or retail operator who wants a permanent place in one of the top beach markets in the country.
2,301
Building sq ft
$1,169
Price / sq ft
0.15
Lot acres
1953
Year built
2
Buildings
Hotel/Motel
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$13,184/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kathy to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
2,289
Population
$87,434
Median income
58
Median age
2
Avg household
$801,867
Median home value
$2,184/mo
Median rent
104
Households w/ kids
Consumer profile
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Recent sales
What actually sold near 331 CORONADO DRIVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$610,000
1770 N FORT HARRISON AVENUE
2,836 sqft · $215/sqft · Sold Oct 9, 2026
$3,775,000
1754 ENSLEY AVENUE
18,668 sqft · $202/sqft · Sold Sep 7, 2026
$950,000
1180 PONCE DE LEON BOULEVARD UNIT 501
2,622 sqft · $362/sqft · Sold Jul 2, 2025
Your team
The pros in your corner
Your agent
Kathy Miller
real estate agent · CENTURY 21 Edge
Tours, offers, and every question about 331 CORONADO DRIVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 331 CORONADO DRIVE.
See it in person
Schedule a tour
Live availability from Kathy's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of COMPASS FLORIDA LLC · Brad Kuskin. MLS #O6447559.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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