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$3,200,000
Whitehursts & Others Add SubDv. ⋅ 33770 Zip Code
Under contract-accepting backup offers. 351 W Bay Dr offers investors a stabilized, income-producing retail asset with embedded upside and mixed-use redevelopment potential in the core of Downtown Largo. The property consists of five fully leased suites, delivering immediate in-place cash flow with a diversified tenant mix. Recent capital improvements materially reduce near-term capital expenditure exposure. In 2024, ownership completed a full silicone roof restoration across the entire building at an approximate cost of $34,000. Additionally, several suites have received new HVAC units within the past two years, strengthening the overall mechanical profile of the asset. Beyond stable current income, the property presents a compelling long-term value-add opportunity. The site has received approval from Pinellas Planning & Zoning for the potential addition of up to 16 residential units above the existing commercial structure (buyer to independently verify all zoning, land use, entitlement, and development requirements). This creates a rare opportunity for vertical mixed-use densification in a supply-constrained downtown corridor. Strategically positioned along West Bay Drive with strong frontage and visibility, the plaza is surrounded by significant public and private investment. Nearby developments include the Horizon West Bay project and the new 110,000± SF Largo City Hall complex featuring ground-floor retail and a 365-space public parking garage. The walkable downtown environment, anchored by Largo Central Park and Ulmer Park, supports consistent foot traffic and tenant demand. The asset benefits from proximity to major employment drivers, including HCA Largo Medical Center, and continued residential growth throughout the submarket. As Downtown Largo continues to mature, investors may capitalize on potential rent growth, tenant repositioning, and long-term redevelopment optionality. This offering presents an opportunity to acquire a stabilized retail property with near-term capital improvements completed and strategic upside in one of Pinellas County’s evolving urban nodes.

351 W Bay Drive, Largo

$677,000
4 Beds ⋅ 4 Baths ⋅ Whitehursts & Others Add SubDv. ⋅ 33770 Zip Code
Discover the epitome of craftsmanship and attention to detail in this custom-built, contemporary home, designed and constructed by the owner/general contractor. This stunning three-story residence offers a blend of luxury, comfort, and functionality. The first floor features a private in-law suite with its own entrance, conveniently located next to the heated pool and accessible through the two-car garage. Enjoy your private oasis, surrounded by mature landscaping, or unwind in the gazebo complete with its own fireplace—perfect for those cool Florida nights. Additionally, there’s an outdoor bathroom and shower for your convenience. Ascend to the second floor, where you’ll find an open floor plan with high ceilings and abundant natural light streaming through large windows. The spacious living room seamlessly flows into the dinning room and then a fully equipped kitchen, featuring double doors that lead to a screened-in porch overlooking the pool and the adjacent Bayhead Action Park. This floor also includes two bedrooms and a full bathroom, providing ample space for family or guests. The third floor is dedicated to the expansive primary bedroom loft suite, offering an open concept that overlooks the second floor. Enjoy serene views of the pool and park from this tranquil retreat. Situated just 5 miles from the beach and only 1 mile from Main Street, you’ll have easy access to charming shops and restaurants. Bayhead Action Park, a large outdoor park with a lake, sports courts, a skate and bike park, picnic areas, and a dog park, is right next door, providing endless recreational opportunities.

111 2nd Avenue Sw, Largo

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