2934 Bay Dr, Belleair Bluffs, FL 33770-2649
- Office buildings
- 9,607 SF
- 1.67 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2934 Bay Dr
- Year built
- 1968
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.67 lot acres
- Property type
- Office buildings
- APN
- 32-29-15-35640-002-0005
- APU
- 322915356400020005
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 29, 2025 | $3,600,000 | Belleair Bluffs Hotel LLC | Acorn Granite Corporation | Warranty Deed | $3.1M · Anastasios Lambrou |
Description
Exceptional 1.67-acre commercial land opportunity in Belleair Bluffs, Florida, located at 2934 W Bay Dr, 33770. This prime property boasts 72,930 square feet of mostly vacant land with a 9,607 square foot existing office building, built in 1968, currently in excellent condition. The building, constructed of concrete block, features high-quality interior finishes and is valued at $3.12 million. The expansive lot offers 265 feet of frontage and a remarkable 255-foot depth, providing ample space for various development scenarios. Utilities are readily available. The flat, cleared land is ideally suited for multi-family residential, retail, or mixed-use development. The City of Belleair Bluffs is supportive of retail and residential projects, including mixed-use developments, with suggestions for a maximum of six floors and 52 units. Setbacks are 25 feet on all sides. Townhomes are not recommended. This offering presents multiple development pathways, including retaining the existing building for office or retail use, demolishing the building for a larger-scale project, or selling the building or land separately. The property's location on a major corridor in a beach community, one block from the waterfront, offers unparalleled potential for significant return on investment. The asking price is $3,500,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,933,000
- AI Estimate
- $1,933,000
Market price range: $1.12M - $2.28MMarket price range: $1.12M - $2.28M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,750,000 Current use
- AUTO REPAIR, GARAGE
- $3,980,000 Change: +127% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,665,000 Change: +52% Conversion: Difficult
- RETAIL STORES
- $2,120,000 Change: +21% Conversion: Moderate
- WAREHOUSE, STORAGE
- $2,115,000 Change: +21% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,680,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Belleair Bluffs
- County
- Pinellas
- State
- Florida
- Longitude
- -82.8197
- Latitude
- 27.9163
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
