Listed by Bridgewater Commercial Real Estate
$990,000
Largo Multifamily Development
Details
Property Type Land
Sub Type Residential, Commercial
Units 28
Tenancy Vacant
Acreage 0.470
Zoning West Bay Commercial Redevelopment District
Land | 0.47 acres
Marketing description
This offering is a 0.47± acre assemblage of four parcels in the heart of Downtown Largo's West Bay Commercial Redevelopment District. The site is vacant commercial land positioned for high-density multifamily or mixed-use development, with zoning that now allows up to 60 residential units per acre (with the potential for more with stackable bonuses, city grants, Brownfield state tax credits and Opportunity Zone treatment). With the 74-unit Largo Vista apartments already rising directly across the street, the site offers a developer a proven, incentive-rich path to build at an attractive basis.
Investment highlights
- Doubled Base Density - Largo recently doubled base residential capacity in this district from 30 to 60 units per acre, letting the assemblage support a larger, higher-density project.
- No Height Limit - There is no maximum building height in the district, only a two-story minimum, giving a developer real freedom on massing and unit count.
- Stackable Density Bonuses - Affordable and workforce housing, structured parking, and green design each unlock additional density on top of the base allowance.
- Direct City Funding - The Largo CRA offers per-unit grants, fee waivers, and development reimbursements that can meaningfully offset construction and land cost.
- Opportunity Zone & Brownfield - The site sits in an Opportunity Zone and a 918-acre Brownfield area, adding state tax credits and federal capital gains advantages.
- Sites of this size and zoning quality are increasingly scarce in Pinellas County
- A completed assemblage is hard to replicate, an edge over scattered parcels
- Buying it assembled avoids years of acquisition and entitlement risk
Listing Contacts
Listed by Bridgewater Commercial Real Estate
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