345 Hamden

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345 Hamden

Clearwater Beach, FL 33767
Asking Price
$14.30M
Asset Type
Retail
Class
Class B

What's Special

345 Hamden is located in the heart of Clearwater Beach, Florida, situated just one block east of the Gulf of Mexico. The neighborhood is characterized by a high-density mix of luxury resorts, mid-century motels, and vacation rentals. Nearby amenities include the Pier 60 recreational area and the Beach Walk promenade, both of which drive significant pedestrian traffic. The property is accessible via the Clearwater Memorial Causeway, connecting the barrier island to downtown Clearwater. Local transportation options include the Jolley Trolley and multiple public parking facilities within walking distance. The asset is suited for high-volume consumer services or boutique retail operations. Ideal use cases include specialized apparel, surf shops, or small-scale convenience concepts that cater to both seasonal tourists and local residents. The typical tenant profile consists of businesses requiring high visibility and consistent foot traffic in a premier coastal destination. The layout supports retailers looking to leverage the area’s year-round hospitality activity and the diverse demographic of visitors frequenting the nearby beachfront and dining districts.

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NOI
$80,000
Cap Rate
0.56%
DSCR
0.09
Underwater
Cash-on-Cash
-17.93%
Monthly Payment
$70,748.598
Annual Cash Flow
$-768,983.172

Location & Travel Times