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Clearwater Beach Multifamily Investment Opportunity
For Sale
$5,500,000

628 MANDALAY AVENUE, Clearwater Beach, FL 33767

Beach area multifamily property near Clearwater Beach.

Property Size7,326 SF
Lot Size0.30 Acres
Price / SF$750.75
Days on Market326

Property Features for 628 MANDALAY AVENUE

General Information

Standard status Active
Size 7,326 SF
Lot size 0.30 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $22,346

Amenities

Corner Lot
Pool
Public Pool
Ceramic Tile Flooring
Electric Heating
Hardwood Flooring
Luxury Vinyl Flooring
Marble Flooring
Near Public Transit
Shingle Roof
Tile Flooring

Building Details

Year Built 1935
Listing Agency: VIEWPOINT REALTY INTERNATIONAL
Listed By: KAREN HENRY
Source: Corcoran
Added: Sep 19, 2025 Changed: Aug 8 Last Checked: Aug 8 at 6:06AM

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 VIEWPOINT REALTY INTERNATIONAL

Investment Insights

Based on property information with market context.

This multifamily property is located steps from Clearwater Beach. The property consists of 5 buildings with a total of 11 units situated on a nearly one-third acre lot comprising three parcels. The site features a center courtyard with a deck and grill, along with two hot tubs. Currently operated as a short-term rental, the property may also be suitable for development.

Key Highlights

  • Steps to #1 rated Clearwater Beach
  • Large lot: Nearly 1/3 acre (3 parcels)
  • 11 Units in 5 buildings

Property Analytics

Current Use

Short term rental ...

Suggested Use

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

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

1,014
Businesses Nearby

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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Beach area multifamily property near Clearwater Beach.
Where is this short term rental property located?
The property is located at 628 MANDALAY AVENUE Clearwater Beach, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Steps to #1 rated Clearwater Beach; Large lot: Nearly 1/3 acre (3 parcels); 11 Units in 5 buildings
More about this property
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