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    Largo, FL 33774

    For Sale
    $895,000

    High-traffic location, strong rental income.

    Property size:
    4,524 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Largo property offers a unique investment opportunity. The 4,524 square foot, two-level building sits on a desirable 0.52-acre lot, boasting a large yard and ample parking. Currently, the upper level houses a retail store with outdoor space, benefiting from its high-traffic location—just 200 feet from a Wawa. The lower level is divided into three separate units, currently leased, but easily adaptable into three one-bedroom apartments (or a mix of one- and two-bedroom units, or even a three-bedroom unit), significantly increasing rental income. The property includes two bathrooms upstairs and one downstairs. The expansive rear lot, currently generating additional income through a month-to-month lease for boat, car, and truck storage, offers further development potential for parking expansion or additional rental units. The building features a recently installed, insurance-approved roof, ensuring peace of mind for the new owner. This property presents a compelling blend of established retail income and significant multi-family conversion potential in a prime Largo location. The existing tenant lease provides immediate cash flow, while the adaptable lower level and large yard offer substantial upside for future growth.

    Property Features for

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,524 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8248
    Latitude
    27.8825

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, strong rental income.
    Where is this commercial real estate located?
    The property is located at Largo, FL.
    What is the asking price?
    The asking price for this property is $895,000.
    (727) 584-7355
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    Largo, FL 33774
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Largo, FL 33774
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