East Bay Drive - Repurpose or Redevelop

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30791804
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 2,082 SF
Gross Building Area: 2,378 SF
Gross Land Area: 34,200 SF
Sale Price: $850,000
Unit Price: $408.26 PSF
Property Use Type: Vacant/Owner-User
Building Name: Animal Medical Center (formerly)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

Excellent opportunity to re-purpose, or redevelop on major E/W roadway.
Just west of US Hwy 19 on the north side of East Bay Drive, this is a high visibility location with exposure to over 55,000 vehicles per day.
Mid-block location, just west of Publix-anchored retail center, with .78 acre site.
Has existing driveway connection, pylon sign and commercial building which could be adapted to a variety of uses. Building is being sold as-is and needs work.
Value is in the land in this prime location on the "going home" side of the road.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Largo
Tax ID/APN: 16 29 31 69210 000 0011
Zoning: CG - COMMERCIAL GENERAL AND WITHIN THE TRI-CITY ACTIVITY CENTER
Retail Clientele: General
Property Located Between: US Hwy 19 and Belcher Rd.
Property Visibility: Excellent
Largest Nearby Street: US Hwy 19.
Feet of Frontage: 150
Traffic/Vehicle Count: 55,000
Highway Access: US Hwy 19 is a few hundred feet to the east.
Airports: 25 minutes to Tampa International, 7 minutes to St. Pete-Clearwater International
Site Description: Existing building is positioned toward the SE portion of the site with some paved surface parking up front and along the side of the building. Most of the site is cleared and mowed and ready for further development.
Area Description: Near the very busy commercial node of US Hwy 19 and East Bay Drive. This is a fully-developed area with established residential back-up and great traffic circulation.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1964
Roof Type: Gable
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Electricity
Air Conditioning: Package Unit
Zoning Description: From municode.com: Commercial General (CG) - This is a mixed use designation applied to those areas considered appropriate for development with uses intended to provide commercial goods and services on a citywide basis, with the objective of encouraging consolidated commercial centers providing for the full spectrum of commercial uses. Appropriate locations are in, and adjacent to, activity centers where surrounding land uses support and are compatible with intensive commercial activity, and in locations near and with good access to major transportation facilities, including mass transit. Uses in this land use designation have the potential for moderate to heavy traffic generation, extended hours of operation, noise due to collection and delivery vehicles, large outdoor air conditioning units, odors emanating from solid waste containers, and loss of privacy for abutting residential developments. Outside storage and drive-through facilities (heavy uses) are allowed if approved as part of the site plan review process. All repairs or similar odor emanating activity shall be indoor and/or shall not be visible from the right-of-way. Additional considerations including, but not limited to, acreage limitations, as follows: institutional or transportation/utility use shall not exceed a maximum area of five (5) acres. Any such use, alone or when added to existing contiguous like use(s), which exceeds this threshold shall require a plan map amendment which shall include such use and all contiguous like uses.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,174 114,332 273,359
Median Age: 45.62 46.1 44.68
Households: 7,419 51,193 120,780

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