Hilltop Motel

Introducing a remarkable, partially -renovated short-term rental opportunity in Clearwater's Central Business District. What was once a motel has been transformed into an 11-unit (4/11 unfinished and unfurnished and is being sold as is), 4,707-square-foot Airbnb/VRBO income generator. This property is strategically positioned on a .55-acre lot that stretches from street to street in Downtown Clearwater. It's directly on the coveted Gulf To Bay corridor, which boasts higher Average Daily Rates (ADR) and occupancy rates, thanks to the 15.4 million ecotourists who visit Pinellas County Beaches annually.
This prime location is a stone's throw away from the downtown waterfront and offers easy access to The District on Cleveland Avenue, a bustling hub of shops, restaurants, and cultural activities. The property's strategic location places it just 4 miles from Clearwater Beach, 7.8 miles from Belleair Beach, 9.2 miles from Indian Rocks Beach, and 12 miles from Ben T Davis Beach. Additionally, it's a mere 8.7 miles from Clearwater/St. Pete International Airport and 16 miles from Tampa International Airport, ensuring convenient access for travelers.
Every structure on this property has been meticulously renovated (4 units need renovations that will not be delivered furnished or completed) and will include 7 furnished at the time of sale and to be sold As-Is. The surrounding area offers enticing municipal incentives, including grants from The Downtown Development Board. These incentives are crafted to promote vibrant live, work, and play environments while also supporting building renovations and improvements.

This property represents more than just an investment opportunity; it's a portal to the future of Clearwater's Central Business District. Due to the property's grandfathered zoning, it stands as one of the few in the CBD that permits short-term rentals under its current zoning. Looking ahead, the region's future land use provides developers with a plethora of opportunities. With the potential for up to 35 units per acre, building heights of up to 55 feet, and .55 FAR lot coverage, the prospects for future development are truly limitless.
Verify all data with local engineers, municipalities and lic professionals we do not warrant any information provided and expect all parties to preform investigations prior to closing.

-Downtown Clearwater is the beauty beyond the beach and is a perfect combination of waterfront living and urban ambiance, Downtown Clearwater is an international tourist destination welcoming nearly 2 million visitors every year. Nestled in between Tampa Bay and the Clearwater Harbor—and just a walk to the Gulf of Mexico—the city offers diverse shopping, dining, and entertainment options for both visitors and locals.
-Pinellas County is home to a population of more than 972,000 residents 7th in the state with an international airport, 7000 + aviation and aerospace industry professionals, and the 3rd largest manufacturing base of employment in the state of Florida. With 360 days of Sunshine each year, the beaches rank amongst the best in the United States attracting 15.4 million tourists annually spending $7 billion dollars annually and growing year over year.
-Tampa/St Petersburg-Clearwater MSA is the 18th largest metropolitan area in the United States with a population north of 3,175,275 residences and growing at a rapid rate of 1.39% with 27 % of its population between the ages of 35-54. Primary employers in the market of Finance and Insurance, healthcare, information and technology, Avionics, Housing, and Higher Education and Research is a breeding ground for Talents and Strong basic employment. The Tampa Bay Area is home to three major professional sports teams: the Buccaneers (NFL), Rays (MLB), and Lightning (NHL). Home to the Port of Tampa, the largest port in the State of Florida, a $ 15.1 billion dollar local economy.
Primary Logistic Paths:
-Interstate 4 (1-4) spanning 132.3 miles connecting Tampa to Daytona Beach at the interchange of I-95. Cross-connecting in the Tampa/St Petersburg-Clearwater MSA by I-275, Roy Selmon Expressway, and Port Tampa Bay.
-Interstate 275 (I-275), located in Florida, is a 60-mile-long auxiliary Interstate Highway serving the Tampa Bay area. Its southern terminus is at I-75 near Palmetto, where I-275 heads west towards the Sunshine Skyway Bridge crossing over Tampa Bay. From that point, I-275 passes through St. Petersburg before crossing Tampa Bay again on the Howard Frankland Bridge, then continues through the city of Tampa, where it connects to an interchange with I-4 in Downtown Tampa. After the interchange, I-275 passes north through the Tampa suburbs to its northern terminus at I-75 in Wesley Chapel.
Emerging Tampa/St Petersburg-Clearwater MSA Developments:
-Gas Worx and Ybor Harbor At build-out, Gas Worx is planned for nearly 5,000 residences, 140,000 square feet of retail, and half a million square feet of office space. New additions that preserve history include renovating a 1950s-era warehouse into a food hall.
-Tropicana Field The Hines/Rays projected to build a 30,000-seat ballpark with a roof over the field, that will open in 2028 as the focal point of a walkable, mixed-use district with retail and events team’s development plan for the property has 5,278 residential units, 1.4 million square feet of office, 320,000 square feet of retail, 700 total hotel rooms and 14 acres of public space. They plan a total of 1,459 affordable housing units, with 859 of them on site.
-Rome Yards West Tampa is an 18-acre Rome Yards Development Project, a $300 million joint venture between the Tampa Housing Authority, the City of Tampa, and Related Urban Development Group. The plans include a brick observation “cigar tower” to honor the cigar factories that were an indelible part of West Tampa’s Latin history. The company also will work with local historians at a cultural and arts center.
-Water Street Tampa Bay neighborhood is located in-between the Channel District to the northeast and Downtown Tampa, Florida to the west. The total area for the area is 50 acres (0.20 km2). Water Street is connected to the downtown financial district and Channel District via the TECO Line Streetcar and the Tampa Riverwalk. The development is estimated to cost $3 Billion and will add 3,500 new residences to the city of Tampa.
All Due Diligence can be found on the Crexi page: Link
All LOIs should be submitted through the Crexi page: Link
All questions regarding this property can be directed to emails: [email protected]
All calls can be reached out to number: (352) 200-2635