Largo, FL 33770,300 E BAY DR
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Largo, FL 33770,300 E BAY DR
Largo, FL 33770,300 E BAY DR
Largo, FL 33770,300 E BAY DR
Largo, FL 33770,300 E BAY DR

$5,000,000

Est. payment /mo

$6,750,000

25.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

300 E BAY DR Largo, FL 33770

33,287 SqFt

SOLD DATE : 04/22/2024

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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Stellar MLS
Listed by CHARLES RUTENBERG REALTY INC
Bought with MAVREALTY

Jeramiah Bustin

License Partner - Broker Associate

+1(813) 857-2120

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