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Clearwater Beach Retail Destination
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483 Mandalay Ave, Clearwater, FL 33767

38,713 SF retail destination on Clearwater Beach.

Property Size38,713 SF
Price / SF$645.78
Days on Market206

Property Features for 483 Mandalay Ave

General Information

Standard status Active
Size 38,713 SF
Class A
Property subtype Retail
Occupancy 100%
Lease Type NNN
Investment Type Stabilized

Building Details

Year Built 1994
Year Renovated 2016
Tenancy Multi
Listing Agency: CBRE - Tampa
Listed By: James Garner, CCIM · License #FL SL3273659
Source: Crexi
Added: Jan 23 Changed: Aug 12 Last Checked: Aug 16 at 7:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Tampa

Investment Insights

Based on property information with market context.

Pelican Walk Plaza is a 38,713 SF retail destination located on Clearwater Beach. The plaza houses establishments such as Hogan’s Beach Shop, Clearwater Comedy Club, and Hurricane Eddie’s. Since 2018, ownership has invested more than $2M in improvements. The plaza is directly connected to the only parking garage on North Clearwater Beach, which has 700 spaces, serving both beachgoers and plaza customers. Pedestrian crosswalks on either side provide access to and from the beach. This connectivity delivers foot traffic and ensures parking for customers. It is located within a five-minute walk of landmarks such as Pier 60 Park, the Hilton Clearwater Beach Resort, the Belle Harbor Condos, Sandpearl Resort, and Mandalay Park.

Key Highlights

  • Located on Clearwater Beach, consistently ranked as the #1 beach in the nation.
  • Directly connected to the only 700‑space parking garage on North Clearwater Beach, ensuring convenient parking and foot traffic.
  • Over $2M invested in improvements since 2018, creating a vibrant and appealing atmosphere.

Property Analytics

Current Use

Pelican Walk Plaza ... Shopping Center & Mall Captain’s Pizza North ... Restaurant Clearwater Beach Real ... Real Estate Agency Salt House Social Bar & Pub Maui Nix Surf ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Auto Repair Shop Dental Office Plumbing Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby
Under-served
Demand for This Use

Demographics for 33767, FL

8,462
Population
8,806
Households
1
Avg Household Size
64
Median Age
55%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
4,231
Density / Sq Mi
$105,662
Median Household Income
$76,977
Median Earnings
$2,033
Median Rent
$704,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Pelican Walk Plaza Clearwater Beach Florida 483 Mandalay Ave, Clearwater, FL 33767

Frequently Asked Questions

What type of property is this?
Shopping center - 38,713 SF retail destination on Clearwater Beach.
Where is this shopping center located?
The property is located at 483 Mandalay Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Located on Clearwater Beach, consistently ranked as the #1 beach in the nation.; Directly connected to the only 700‑space parking garage on North Clearwater Beach, ensuring convenient parking and foot traffic.; Over $2M invested in improvements since 2018, creating a vibrant and appealing atmosphere.
More about this property
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