351 W Bay Drive, Largo, FL 33770
sale
$3,200,000
|
Retail
Courtesy Of Kelly Right Real Estate
351 W Bay Dr offers a stabilized retail investment with compelling value-add potential in the heart of Downtown Largo. The property consists of five suites, all fully leased, providing immediate cash flow. Recent capital improvements include a new roof (2024) and HVAC upgrades (2025), reducing near-term capital expenditures and enhancing long-term asset durability. Positioned along West Bay Drive with strong visibility, the plaza is surrounded by significant public and private investment, including the Horizon West Bay development and the new 110,000 SF Largo City Hall complex with retail and a 365-space parking garage. The walkable downtown environment anchored by Largo Central Park and Ulmer Park supports consistent foot traffic and tenant demand. Value-add opportunities include potential rent growth as the downtown corridor continues to mature, tenant repositioning, and long-term redevelopment or densification potential subject to zoning and city approvals. Proximity to major employers such as HCA Largo Medical Center and an expanding residential pipeline further supports income stability and future appreciation in one of Pinellas County s most active growth markets.
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Block
- Exterior Type: Concrete
- Heating System: Central
- Legal Description: WHITEHURST'S & OTHERS ADD BLK 3, PART OF LOTS 6, 7 & "PART OF ""SCHOOL HOUSE"" LOT" DESC FROM SE COR OF LOT 7 "TH N89D22'40""W 29.48FT TH" "N00D40'25""E 10FT TO N'LY" R/W OF 1ST AVE SW FOR POB "TH N89D06'23""W 228.52FT TO" E R/W OF 4TH ST SW TH "N00D 57'17""E 103.64FT TH" "S89D05'43""E 228.01FT TH" "S00D40'25""W 103.59FT TO" POB
- MLSID: S5143423
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