629 Bay Esplanade

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629 Bay Esplanade

Clearwater, FL 33767
Asking Price
$7.90M
Asset Type
Retail
Class
Class B

What's Special

629 Bay Esplanade is located in the northern district of Clearwater Beach, Florida. The property sits within a high-traffic coastal neighborhood characterized by a mix of boutique hotels, residential condominiums, and vacation rentals. It is situated one block from the Gulf of Mexico and is walkable to the Pier 60 tourist hub. Local transportation is accessible via the Jolley Trolley and the Clearwater Ferry, providing connectivity to the mainland commercial corridor and nearby parking facilities. The building's layout and prominent street frontage are suitable for high-visibility retail operations. Potential use cases include specialty boutiques, convenience services, or cafe-style food and beverage concepts. Typical tenants for this submarket service a demographic consisting of year-round local residents and a seasonal tourist population. The site accommodates businesses requiring proximity to both beach pedestrian traffic and established hospitality anchors.

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NOI
$80,000
Cap Rate
1.01%
DSCR
0.17
Underwater
Cash-on-Cash
-16.41%
Monthly Payment
$39,084.89
Annual Cash Flow
$-389,018.675

Location & Travel Times