Sold

300 E BAY DR

LARGO FL, 33770

$5,000,000


$150.21 per sqft

Sold

33,287 sqft

Commercial

Built in 1990

Located at 300 East Bay Dr in Largo, FL, this commercial property offers a rare strategic investment opportunity for developers and commercial investors. Positioned on a 2.52-acre site directly across from Largo Central Park, the property serves as a key entry point to the downtown corridor, highlighting its significance in the area's urban development landscape.

The site is currently zoned for high-density mixed-use development, allowing for up to 8 floors with the potential to feature up to 112 residential units alongside commercial spaces such as restaurants, offices, and retail outlets. This flexibility presents a unique opportunity to contribute to the area's growth and vibrancy, aligning with the area's increasing demand for mixed-use development.

Presently, the property hosts two commercial buildings, with a combined total of over 33,287 heated square feet. Both buildings are tenant-occupied. This existing infrastructure not only generates immediate income but also offers potential for redevelopment or integration into a larger project. The site boasts an excellent on-site parking ratio of 5 spots per 1,000 square feet, catering to both current and future occupancy needs.

With a daily traffic count exceeding 42,000 vehicles, the location guarantees high visibility and accessibility. The limitless development potential of this site, combined with its strategic position and existing amenities within the downtown corridor makes it an attractive proposition for corporations, developers, and investors aiming to capitalize on Largo's growth trajectory. Call today for further detail or to schedule a private viewing.

U8230386

MLS ID

February 9, 2024

Listed

November 22, 2024

Updated

Map

300 E BAY DR
LARGO FL, 33770

Interior Features

Floor Description

Carpet, Luxury Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

2.52 Acres


Lot Features

City Limits


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

33770 - Largo/Belleair Bluffs


Taxes

$48,224


Tax Frequency

Annually


Days on Market

54


Association Fee Frequency

Monthly


Garage

No


View

No


County

Pinellas


Municipality

29


Water Source

Public


Pool

No

Listing History

Date

Event

Price

4/22/2024

Sold

$5,000,000

4/21/2024

Pending

Listed by CHARLES RUTENBERG REALTY INC
Listing Contact: 866-580-6402 

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Data last updated 11/22/2024, 8:18 AM UTC

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