Pelican Walk Plaza - Iconic Retail & Entertainment Center
Iconic Shopping Center on Clearwater Beach | Fully Stabilized & Newly Renovated
Marketing description
As a prominent retail and dining destination, Pelican Walk Plaza houses popular establishments like Hogan’s Beach Shop, Clearwater Comedy Club, and Hurricane Eddie’s, attracting a steady stream of visitors. Ownership has invested more than $2M in improvements since 2018, creating a vibrant atmosphere with diverse offerings that enhance the overall appeal of the beachfront, making it a central hub for shopping and dining. Additionally, the plaza is directly connected to the only parking garage on North Clearwater Beach (700 spaces), serving both beachgoers and plaza customers, with pedestrian crosswalks on either side providing safe, direct access to and from the beach. This connectivity delivers a constant, built-in flow of beachbound foot traffic, ensures reliable and convenient parking for customers, and captures both planned visits and impulse spending from pedestrians moving directly between the garage, the retail center, and the beach, significantly boosting visibility, dwell time, and sales potential for tenants.
Pelican Walk Plaza, a 38,713 SF retail destination located on Clearwater Beach, a location consistently recognized as the #1 beach in the nation. Pelican Walk is arguably the largest and most recognized center on the beach and holds one of the most coveted positions on the strip. This location places it within a five-minute walk of major landmarks such as Pier 60 Park, the Hilton Clearwater Beach Resort, the upscale Belle Harbor Condos, Sandpearl Resort, and Mandalay Park. This proximity ensures a consistent flow of customers from nearby accommodations, benefiting the businesses within the plaza and contributing to its commercial success.
For Full OM, Contact Listing Broker, James Garner, Directly.
Investment highlights
Unmatched Location - Clearwater Beach Core:
Positioned in the heart of Clearwater Beach, one of the most visited beach destinations in the U.S
Immediate proximity to Pier 60, beachfront hotels, resorts, and public beach access
Benefits from year-round tourism, seasonal population spikes, and strong international tourist visitation
Attached to the only public parking garage in North Beach, delivering automatic foot traffic, high visibility, and boosts dwell time of customers to the center.
Experiential center with tourism-driven revenue tailwinds
Lifestyle & Trophy Asset appeal
World-class destination dynamics
Clearwater Beach Appealing Investment Aspect:
Tourism Economy: Clearwater Beach continues to be a top tourist destination, with Pinellas County recording over 15.4 million visitors in 2024, generating significant economic impact.
Significant Hotel Expansion: Pinellas County has 27 hotel projects either in final planning stages or under construction, expected to add over 2,300 new rooms by 2027 and 3,277 by 2034.
Established Commercial Hub: The property hosts a mix of retail tenants, including national brands and local businesses, ensuring a steady income stream and tenant diversity.
Pelican Walk Plaza’s strategic location, contribution to the beachfront ambiance, and proximity to numerous hotels and condominiums make it an attractive retail investment opportunity in the thriving Clearwater Beach area.
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