Downtown Largo - Vintage Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30624739
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,042 SF
Gross Land Area: 11,310 SF
Sale Price: $450,000
Unit Price: $220.37 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Karen's Korner
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2021

Overview / Comments

Excellent opportunity to participate in the next North Pinellas County Downtown renaissance!
This property benefits from great exposure, flexible commercial or mixed use zoning with on-street parking on three sides plus on-site parking for 6.
The existing improvements work perfectly for retail, restaurant or office use.
The zoning will also allow a combination of residential and commercial uses!
Bay Drive is the main east/west arterial roadway through Largo carrying an average of 45,000 vehicles per day.
The West Bay / Downtown district has come to life with new development projects underway and many properties being upgraded, repurposed or redeveloped.
Must see to appreciate the many charming building elements of one of the original structures in Downtown Largo.

Shown by appointment, but follow the attached links to take interior and exterior virtual tours.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Largo
Tax ID/APN: 15 29 34 93330 002 0090
Zoning: WEST BAY DRIVE COMMUNITY REDEVELOPMENT DISTRICT (WBD-CRD)
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Missouri Ave and Clearwater-Largo Rd.
Property Visibility: Good
Largest Nearby Street: Missouri Ave.
Site Description: While the street address is 1st Ave. SW, the property is oriented towards West Bay Drive and has convenient parking on the West Bay Drive side.
Area Description: The City of Largo City Hall mixed-use project will be developed directly across West Bay Drive (read about it here): https://www.largo.com/connect/living_in_largo/downtown_largo/new_downtown_city_hall_.php A 16-unit townhome project is under construction one block west of this property. West Bay Drive is the main east/west roadway in Largo, FL leading to the Pinellas County beaches via the Belleair Causeway.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1915
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Quaint structure with large yard area currently used for retail display space, as well as a small unpaved parking area on the east side of the property.
Total Parking Spaces: 12
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Room for six cars in on-site parking lot, plus city-owned parking on the West Bay Drive side, plus on-street parking permitted throughout the Downtown district.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Currently in operation as a retail outlet for vintage home furnishing and d├ęcor items. Nicely finished throughout.
Zoning Description: Within the West Bay Drive redevelopment district. Allows retail, office, multi-family or mixed uses.
Lot Frontage: 116
Lot Depth: 97.5
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Owned.
Legal Description: ULMER'S ADD, M.W. BLK B, LOTS 9 AND 10.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,406 125,534 274,317
Median Age: 46.22 48.23 46.02
Households: 9,984 58,403 123,425

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