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300 E BAY DRIVE

Commercial Recently Sold
$5,000,000

BTC: 50.31888081

ETH: 1,436.63299199

Sold on: 2024-04-22
54 days
0 room(s)
33,287 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1990
Lot:
2.52 Acres
Heating:
Central
Price/sqft:
$203
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Carpet

    • Luxury Vinyl

    Heating

    • Central

    Cooling

    • Central Air

  • Lot

    • Lot: 2.52 Acres

    Other Property Information

    • Parcel Number: 342915271270000010

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Utility

    • BB/HS Internet Capable

    • Public

  • Other financial information

    • Annual tax amount: $48,224

  • Source details

    • MLS ID: U8230386

    Other facts

    • Construction Materials: Block / Metal Siding

    • Foundation Details: Slab

    • Lot Features: City Lot

    • Direction Faces: South

    • Living Area: 33287

    • Water Source: Public

    • Subdivision Name: FAIRVIEW HEIGHTS BLK 4 PT REP

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CHARLES RUTENBERG REALTY INC