Prime Land on Roosevelt Boulevard

2965 ROOSEVELT BOULEVARD, Clearwater, FL 33760

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For Sale

$799,000

Development opportunity on high-visibility real estate along Largo's active corridor.

Type:Commercial

Property size:

2,340 SF

Lot size:

0.74 Acres

Price / SF:

$341/SF

HighLights

High‑visibility location on Roosevelt Boulevard, a major Largo corridor.
Development opportunity for up to 28 residential units with bonus density options.
Assemblage of five lots totaling approximately 0.74 acres.
Flexible development potential due to mixed zoning and location in both City of Largo and unincorporated Pinellas County.
Existing improvements include a 2,340 sq. ft. office building and an 800 sq. ft. cabin.
Strategic location next to Walgreens and across from 7‑Eleven, with convenient access to airports, highways, and beaches.

We can help!

Listing Contact

KELLY MONTGOMERY-KEPLER

For Sale

$799,000

Development opportunity on high-visibility real estate along Largo's active corridor.

Type:Commercial

Property size:

2,340 SF

Lot size:

0.74 Acres

Price / SF:

$341/SF

Added:: Mar 13, 2025
Days on Market:: 465
Last Refresh:: Apr 5 at 9:07 pm

Property Features for 2965 ROOSEVELT BOULEVARD

General Information

Standard status: Active
Size: 2,340 SF
Lot size: 0.74 Acres
Property subtype: Commercial

Building Details

Year Built: 2000

We can help!

Listing Contact

KELLY MONTGOMERY-KEPLER

Listing agent KELLY MONTGOMERY-KEPLER License #BK3345661

Listing office ENGEL & VOLKERS BELLEAIR

Listing date Mar 13, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of ENGEL & VOLKERS BELLEAIR

HighLights

High‑visibility location on Roosevelt Boulevard, a major Largo corridor.
Development opportunity for up to 28 residential units with bonus density options.
Assemblage of five lots totaling approximately 0.74 acres.
Flexible development potential due to mixed zoning and location in both City of Largo and unincorporated Pinellas County.
Existing improvements include a 2,340 sq. ft. office building and an 800 sq. ft. cabin.
Strategic location next to Walgreens and across from 7‑Eleven, with convenient access to airports, highways, and beaches.

Overview

This property presents an exceptional development opportunity with five lots on Roosevelt Boulevard. The assemblage includes three parcels totaling five lots, prominently positioned at the corner of Roosevelt Boulevard and 59th Street N. Two parcels lie within the City of Largo, while the westernmost lot is located in unincorporated Pinellas County. The site offers flexible development potential. The property includes a 2,340 sq. ft. office building, a vacant lot, and an 800 sq. ft. cabin presently used as a residence. Current zoning is Residential/Office Limited (R/O-L), allowing a variety of uses including office, residential, or mixed-use redevelopment. The site is located next to Walgreens and across from the new 7-Eleven, offering exposure and accessibility. It is minutes from St. Pete–Clearwater International Airport, with convenient access to Tampa International Airport, I-275, US Highway 19, and just 20 minutes from the Gulf beaches. According to the City of Largo, approximately 0.56 acres of the 0.74-acre site may support up to 28 residential units with applicable bonus density options, including incentives for affordable housing, green building, and greywater system integration.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$60.9k	$26.04
− Vacancy	−$4.7k	−$2.01
EGI	$56.2k	$24.03
− OpEx	−$14.1k	−$6.01
NOI	$42.2k	$18.03

2,340 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$602.6K

$527.3K – $703.0K (±1% cap)

NOI $42,181 @ 7.0% cap · market cap 5.28%

Second Best

—

no second resolved use

Theoretical Best

Office A

$656.5K

$574.5K – $765.9K (±1% cap)

NOI $45,956 @ 7.0% cap · market cap 5.75%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Life Support Systems Association / Organization

Suggested Use

Location Insight

Map
Local Demand

City: Clearwater
County: Pinellas
State: Florida
Longitude: -82.715096
Latitude: 27.915854

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For sale
Commercial land
FL
Clearwater
33760
2965 ROOSEVELT BOULEVARD

What type of property is this?

Commercial land - Development opportunity on high-visibility real estate along Largo's active corridor.

Where is this commercial land located?

The property is located at 2965 ROOSEVELT BOULEVARD Clearwater, FL.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: High‑visibility location on Roosevelt Boulevard, a major Largo corridor.; Development opportunity for up to 28 residential units with bonus density options.; Assemblage of five lots totaling approximately 0.74 acres.