Largo, FL 33774

Property Details

Year built

1967

Lot size

0.52 lot acres

Property size

4,524 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Largo

County

Pinellas

State

Florida

Longitude

-82.8248

Latitude

27.8825