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Retail Asset with Redevelopment Potential

351 W BAY Dr, Largo, FL 33770

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For Sale

$3,200,000

Stabilized retail asset in Downtown Largo with mixed-use redevelopment potential.

Type:Commercial

HighLights

Approved for potential addition of up to 16 residential units, offering mixed‑use redevelopment opportunity.
Stabilized, income‑producing retail asset with five fully leased suites and diversified tenant mix.
Recent capital improvements, including a full silicone roof restoration in 2024 and new HVAC units in several suites.
Strategically positioned in Downtown Largo with strong frontage and visibility, surrounded by public and private investment.
Benefits from proximity to major employment drivers like HCA Largo Medical Center and continued residential growth.
Located in a walkable downtown environment near Largo Central Park and Ulmer Park, supporting consistent foot traffic.

We can help!

Listing Contact

Muhammad Shaikh

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For Sale

$3,200,000

Stabilized retail asset in Downtown Largo with mixed-use redevelopment potential.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 56
Last Refresh:: Apr 24 at 4:08 pm

Property Features for 351 W BAY Dr

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2004

We can help!

Listing Contact

Muhammad Shaikh

Listing agent Muhammad Shaikh

Listing office KELLY RIGHT REAL ESTATE

Listing date Apr 24, 2026

Source Elliman

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 KELLY RIGHT REAL ESTATE

HighLights

Approved for potential addition of up to 16 residential units, offering mixed‑use redevelopment opportunity.
Stabilized, income‑producing retail asset with five fully leased suites and diversified tenant mix.
Recent capital improvements, including a full silicone roof restoration in 2024 and new HVAC units in several suites.
Strategically positioned in Downtown Largo with strong frontage and visibility, surrounded by public and private investment.
Benefits from proximity to major employment drivers like HCA Largo Medical Center and continued residential growth.
Located in a walkable downtown environment near Largo Central Park and Ulmer Park, supporting consistent foot traffic.

Overview

The property at 351 W Bay Dr is a retail asset located in Downtown Largo. It features five fully leased suites, providing immediate income with a diversified tenant mix. Recent capital improvements include a full silicone roof restoration completed in 2024 at an approximate cost of $34,000. Several suites have received new HVAC units within the past two years. The site has received approval from Pinellas Planning & Zoning for the potential addition of up to 16 residential units above the existing commercial structure. The property is positioned along West Bay Drive, offering frontage and visibility. It is surrounded by public and private investment, including the Horizon West Bay project and the new 110,000 SF Largo City Hall complex with ground-floor retail and a 365-space public parking garage. The location is walkable, near Largo Central Park and Ulmer Park, and benefits from proximity to HCA Largo Medical Center. The property offers potential rent growth, tenant repositioning, and long-term redevelopment possibilities.

Location Intelligence

Current Use by Public Records

Aroma Indian Cuisine ... Restaurant Largo Central Park ... Parking Lot & Garage

Suggested Use

Similar Places Nearby

Cosa Collective — 596 Indian Rocks Rd N Unit 6, Belleair Bluffs, FL 33770
Village Plaza — 1901 W Bay Dr, Largo, FL 33770
Lucentgold LLC — 100 indian rocks rd n #6, belleair bluffs, fl 33770
Pinellas Shopping Center — 863 W Bay Dr, Largo, FL 33770

Location Insight

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Local Demand

City: Largo
County: Pinellas
State: Florida
Longitude: -82.791695
Latitude: 27.916281

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For sale
Shopping centers
FL
Largo
33770
351 W BAY Dr

What type of property is this?

Shopping center - Stabilized retail asset in Downtown Largo with mixed-use redevelopment potential.

Where is this shopping center located?

The property is located at 351 W BAY Dr Largo, FL.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Approved for potential addition of up to 16 residential units, offering mixed‑use redevelopment opportunity.; Stabilized, income‑producing retail asset with five fully leased suites and diversified tenant mix.; Recent capital improvements, including a **full silicone roof restoration in 2024** and new HVAC units in several suites.