Largo Office Building For Sale

2700 E BAY Dr, Largo, FL 33771

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For Sale

$3,850,000

20,000 SF office building with strong cash flow.

Type:Commercial

Property size:

20,000 SF

Lot size:

0.92 Acres

Price / SF:

$192/SF

HighLights

Strong current cash flow with upside potential from filling vacancies.
Newer roof and recently replaced A/C units minimize anticipated capital expenditures.
Located on busy East Bay Dr. with great visibility and monument signage.
Large 20,000 sq ft office building suitable for investor or owner‑user.
Located in a non‑flood zone.
Ample parking with approximately 75 spaces on a 40,000 sq ft corner lot.

We can help!

Listing Contact

Patrick Calhoon

Learn more

For Sale

$3,850,000

20,000 SF office building with strong cash flow.

Type:Commercial

Property size:

20,000 SF

Lot size:

0.92 Acres

Price / SF:

$192/SF

Added:: Apr 24, 2026
Days on Market:: 58
Last Refresh:: Apr 24 at 4:08 pm

Property Features for 2700 E BAY Dr

General Information

Standard status: Active
Size: 20,000 SF
Lot size: 0.92 Acres
Property subtype: Commercial

Building Details

Year Built: 1975

We can help!

Listing Contact

Patrick Calhoon

Listing agent Patrick Calhoon License #512251

Listing office SMITH & ASSOCIATES 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 SMITH & ASSOCIATES REAL ESTATE

HighLights

Strong current cash flow with upside potential from filling vacancies.
Newer roof and recently replaced A/C units minimize anticipated capital expenditures.
Located on busy East Bay Dr. with great visibility and monument signage.
Large 20,000 sq ft office building suitable for investor or owner‑user.
Located in a non‑flood zone.
Ample parking with approximately 75 spaces on a 40,000 sq ft corner lot.

Overview

This 20,000 square foot office building is located on East Bay Drive in Largo. The property is suitable for investors or owner-users, offering current cash flow and the potential to fill existing vacancies. The location is attractive to professional office tenants, particularly those in the medical field. The building features recently replaced A/C units and a newer roof, reducing anticipated capital expenditures. Leases are full service, requiring minimal management. Situated on a 40,000 square foot corner lot, the property is in a non-flood zone and provides approximately 75 parking spaces. Monument signage and visibility are additional features of the property.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$520.8k	$26.04
− Vacancy	−$106.8k	−$5.34
EGI	$414.0k	$20.70
− OpEx	−$103.5k	−$5.18
NOI	$310.5k	$15.53

20,000 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.44M

$3.88M – $5.18M (±1% cap)

NOI $310,527 @ 7.0% cap · market cap 8.07%

Second Best

Healthcare Medical

$2.64M

$2.31M – $3.07M (±1% cap)

NOI $184,464 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$5.20M

$4.55M – $6.07M (±1% cap)

NOI $364,151 @ 7.0% cap · market cap 9.46%

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

Location Intelligence

Current Use by Public Records

Dr. Kristie L. ... Dental Office Palms Professional Center Medical Clinic Rowe Orthodontics Dental Office Ross Kenneth E ... Dental Office Mid County Dental ... Dental Office

Suggested Use

Location Insight

Map
Local Demand

City: Largo
County: Pinellas
State: Florida
Longitude: -82.759135
Latitude: 27.916991

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For sale
Office buildings
FL
Largo
33771
2700 E BAY Dr

What type of property is this?

Office building - 20,000 SF office building with strong cash flow.

Where is this office building located?

The property is located at 2700 E BAY Dr Largo, FL.

What is the asking price?

The asking price for this property is $3,850,000.

What are key features of this property?

This property features: Strong current cash flow with upside potential from filling vacancies.; Newer roof and recently replaced A/C units minimize anticipated capital expenditures.; Located on busy East Bay Dr. with great visibility and monument signage.