483 Mandalay Ave Clearwater, FL 33767-2034
Pelican Walk Plaza, located at 483 Mandalay Ave, Clearwater Beach, FL 33767, offers a unique opportunity to lease Class A office space in a landmark retail plaza. This two-story, 38,017 square foot building, constructed in 1992 and extensively renovated in 2024, boasts a prime location directly across from beach access and adjacent to a public parking garage with over 780 spaces. The available space, ranging from 900 to 2,735 contiguous square feet, is situated within a vibrant, diverse tenant mix. Unit 201, located on the second floor, offers a newly renovated interior featuring tile flooring, high industrial ceilings, new AC units, updated bathrooms, a front reception area, a large open floor plan, a conference room, a kitchenette, and two bathrooms. The unit also includes outdoor balcony space providing excellent street visibility. The building features four staircases and two elevators, ensuring convenient access. The property's zoning is Tourist, and it benefits from a comprehensive landlord-implemented signage program, including directories and marketing screens, maximizing tenant exposure. The space is suitable for office, retail, or restaurant use, however, vape shops, smoke shops, kava bars, and tattoo parlors are not permitted. This exceptional property offers unparalleled visibility and accessibility in a high-demand Clearwater Beach location.
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Pelican Walk Plaza Clearwater Beach Florida Shopping Center & Mall
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Captain’s Pizza North Beach Restaurant
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Clearwater Beach Real Estate Real Estate Agency
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Salt House Social Bar & Pub Restaurant
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Maui Nix Surf Shop (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.