$3,200,000
351 W Bay Drive Largo, FL 33770
For Sale MLS# S5143423
10,889 sq ft Commercial
Details for 351 W Bay Drive
MLS# S5143423
Description for 351 W Bay Drive, Largo, FL, 33770
351 W Bay Dr offers investors a stabilized, income-producing retail asset with embedded upside and mixed-use redevelopment potential in the core of Downtown Largo. The property consists of five fully leased suites, delivering immediate in-place cash flow with a diversified tenant mix. Recent capital improvements materially reduce near-term capital expenditure exposure. In 2024, ownership completed a full silicone roof restoration across the entire building at an approximate cost of $34,000. Additionally, several suites have received new HVAC units within the past two years, strengthening the overall mechanical profile of the asset. Beyond stable current income, the property presents a compelling long-term value-add opportunity. The site has received approval from Pinellas Planning & Zoning for the potential addition of up to 16 residential units above the existing commercial structure (buyer to independently verify all zoning, land use, entitlement, and development requirements). This creates a rare opportunity for vertical mixed-use densification in a supply-constrained downtown corridor. Strategically positioned along West Bay Drive with strong frontage and visibility, the plaza is surrounded by significant public and private investment. Nearby developments include the Horizon West Bay project and the new 110,000± SF Largo City Hall complex featuring ground-floor retail and a 365-space public parking garage. The walkable downtown environment, anchored by Largo Central Park and Ulmer Park, supports consistent foot traffic and tenant demand. The asset benefits from proximity to major employment drivers, including HCA Largo Medical Center, and continued residential growth throughout the submarket. As Downtown Largo continues to mature, investors may capitalize on potential rent growth, tenant repositioning, and long-term redevelopment optionality. This offering presents an opportunity to acquire a stabilized retail property with near-term capital improvements completed and strategic upside in one of Pinellas County’s evolving urban nodes.
Listing Information
Property Type: Commercial, Retail
Status: Active
Lot Size: 0.54 Acres
Square Feet: 10,889 sq ft
Year Built: 2004
Stories: 1 Story
Construction: Block,Concrete
Subdivision: Whitehursts & Others Add
Foundation: Slab
County: Pinellas
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,Phone Available,Water Connected
Cooling: Central Air
Heating: Central
Driving Directions
From the corner of Alt 19 and West Bay drive, travel west until you reach the traffic light on W Bay Drive. The property will be on the south side of the road.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 34-29-15-97398-003-0070
Tax Amount: 23449
Tax Year: 2025
A broker reciprocity listing courtesy: KELLY RIGHT REAL ESTATE
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 351 W Bay Drive
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 351 W Bay Drive
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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