Retail Asset with Redevelopment
For Sale
$3,200,000
351 W BAY Dr, Largo, FL 33770
Stabilized retail asset in Downtown Largo with mixed-use redevelopment potential.
Days on Market102
Property Features for 351 W BAY Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
KELLY RIGHT REAL ESTATE
(321) 710-7005
Listed By:
Muhammad Shaikh
(321) 710-7005
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 10:16AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- West Bay Plaza — 118 W Bay Dr, Largo, FL 33770
- Shoppes of Midway — 1000 Missouri Ave N, Largo, FL 33770
- Royal Plaza — 800 E Bay Dr, Largo, FL 33770
- Pinellas Shopping Center — 863 W Bay Dr, Largo, FL 33770
- The Center at Missouri Avenue — 1111 Missouri Ave N, Largo, FL 33770
Frequently Asked Questions
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.
