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Key Details
Sold Price $5,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 33,287 sqft
Price per Sqft $150
Subdivision Fairview Heights Blk 4 Pt Rep
MLS Listing ID U8230386
Sold Date 04/22/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1990
Annual Tax Amount $48,224
Lot Size 2.520 Acres
Acres 2.52
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.
Location
State FL
County Pinellas
Community Fairview Heights Blk 4 Pt Rep
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Luxury Vinyl
Exterior
Utilities Available BB/HS Internet Capable, Public
Roof Type Shingle
Building
Lot Description City Limits
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block,Metal Siding
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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Bought with MAVREALTY