LARGO, FL 33770 351 W BAY DRIVE

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Presented By: KELLY RIGHT REAL ESTATE with 813-321-2282. - 813-312-2282
  • MLS# S5143423
  • 02/11/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 10,889

Home Details

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.
Presented By: KELLY RIGHT REAL ESTATE with 813-321-2282. - 813-312-2282

Interior Features for 351 W BAY DRIVE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1

General for 351 W BAY DRIVE

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLARGO
Construction MaterialsBlock, Concrete
CoolingCentral Air
CountyPinellas
DirectionsFrom 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.
Flood Zone CodeX
Flood Zone Code XY
HeatingCentral
Legal DescriptionWHITEHURST'S & OTHERS ADD BLK 3, PART OF LOTS 6, 7 & "PART OF ""SCHOOL HOUSE"" LOT" DESC FROM SE COR OF LOT 7 "TH N89D22'40""W 29.48FT TH" "N00D40'25""E 10FT TO N'LY" R/W OF 1ST AVE SW FOR POB "TH N89D06'23""W 228.52FT TO" E R/W OF 4TH ST SW TH "N00D 57'17""E 103.64FT TH" "S89D05'43""E 228.01FT TH" "S00D40'25""W 103.59FT TO" POB
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet23635
Lot Size UnitsSquare Feet
MLS Area33770 - Largo/Belleair Bluffs
New ConstructionNo
Occupancy TypeTenant
OwnershipCorporation
PossessionClose Of Escrow
Property SubtypeRetail
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWHITEHURSTS & OTHERS ADD
Tax Annual Amount23449
Tax Lot7
Tax Year2025
UtilitiesElectricity Available, Phone Available, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built2004

Exterior for 351 W BAY DRIVE

Building Area Total13195
Foundation DetailsSlab
Lot Size Acres0.54
Lot Size Area23635
Number of Buildings1
Road Frontage TypeMain Throrughfare
Road Surface TypeAsphalt, Paved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $3,200,000
MLS#S5143423
List Date 02/11/2026
Property Type Commercial
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