11803 104th St Largo, FL 33773-2310
This exceptional 2.78-acre waterfront property in Largo, Florida, presents a unique investment opportunity. Currently featuring a 4,140 square foot newly renovated office building complete with a swimming pool, the property offers significant potential for redevelopment. Situated on the shores of Lake Seminole and boasting direct lake access, this location provides unparalleled appeal. The property is zoned R-3, allowing for single-family residential development. However, the zoning also presents the possibility of rezoning to accommodate multi-family housing, significantly expanding the potential return on investment. The existing building provides immediate income potential while plans for future development are explored. With its prime location, existing improvements, and flexible zoning, this property is an ideal investment for those seeking a high-return opportunity in a desirable Florida market. The single-story building sits on a substantial lot, offering ample space for expansion or redevelopment. The potential for both single-family and multi-family development provides flexibility and caters to a wide range of investment strategies. This is a rare chance to acquire a waterfront property with significant upside potential in a thriving community. The asking price is $2,100,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.