300 E Bay Drive, Largo, FL 33770
- $5,000,000
- 33,287
- SqFt
- Sold Price
- $5,000,000
- List Price
- $6,750,000
- Status
- Sold
- Days on Market
- 54
- Closing Date
- Apr 22, 2024
- MLS#
- U8230386
- Property Style
- Office
- Year Built
- 1990
- Living Area
- 33,287
- Lot Size
- 109,915
- Acres
- 2.52
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Fairview Heights Blk 4 Pt Rep
- MLS Area Major
- Largo/Belleair Bluffs
Property Description
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.
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Additional Information
- Taxes Annual
- $48224
- Location
- City Limits
- Community Features
- No Deed Restriction
- Floor
- Carpet, Luxury Vinyl
- Utilities
- BB/HS Internet Capable, Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Metal Siding
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 34-29-15-27127-000-0010
- Legal Description
- FAIRVIEW HEIGHTS BLK 4, PARTIAL REPLAT LOT 1
Listing courtesy of CHARLES RUTENBERG REALTY INC. 866-580-6402
Selling Office: MAVREALTY.Mortgage Calculator
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