Property History
This commercial offering is a prime redevelopment/value-add opportunity in the heart of Largo, which is bustling with exciting new developments in progress including the new downtown Mixed-Use City Hall in the West Bay Drive Community Redevelopment District, less than a mile away.
Existing 46,170 SF building sits on 5.16 acres on the highly trafficked main corridor of Missouri Ave N (Alt US 19). This property has potential to be repurposed in a multitude of ways. It is well suited for Multifamily, Mixed-Use, Retail, Distribution, ALF, Hospital, Medical, and more.
Current Tenants: ChenMed (National Primary Care Medical Center for Seniors) with new 10-year lease occupying 7,594 SF on south end of building; Badcock Home Furniture &more (National Retailer) occupying remaining 37,044 SF as owner/user to vacate by September 1, 2024.
New Nearby Developments:
New Largo City Hall, parking garage, public space, and 18,000 SF of retail and restaurant space (3 minutes from subject property)
Blue Skies, a 90-unit townhome complex with 18 units designated for affordable housing, located on Ridge Road and Woodrow Drive (4 minutes from subject property)
Sky View, a 16-unit townhome project on West Bay, has seen all its units sell out ahead of completion (3 minutes from subject property)
West Bay Lofts, plans to build 276 apartments, plus 21,000 SF of retail space and 332 parking spaces in the 500-600 block of West Bay (4 minutes from subject property)
Proposed mixed-use development at 280 West Bay featuring retail, restaurant, and office space, including a rooftop bar (3 minutes from subject property)
FAR: 0.55
CG Zoning: Multifamily, Mixed-Use, Retail, Distribution, Medical, ALF, Hospital, Self-Storage and more
Current Allowable Building Size: 123,613.6 SF - No Limit to Height or # of Floors
Density: 30 du/ac (Live Local Act), 24 du/ac (by right)
National Senior Primary Care Tenant: ChenMed - New 10-Year Lease
Excellent Access & Visibility: Multiple Ingress/Egress points
Highly Trafficked, Main Thoroughfare: 33,000+ VPD
Nearby Destinations: Parks, Major Shopping Destinations, Tourist-Attracting World-Famous Beaches, New Largo Mixed-Use City Hall, West Bay Drive Community Redevelopment District
Nearby Retailers: Life Storage, Chipotle, Burger King, Subway, Dunkin’, Walmart, Largo Medical Center, Largo High School, Aldi, Publix, and many more national retailers & residential communities
Market: Tampa/St Petersburg
Submarket: Mid-Pinellas
Avg. Household Income: $76,776 within 5-mi radius
Consumer Spending: $3.1B within 5-mi radius
Located on the highly trafficked Missouri Ave N, in the heart of Largo & 10 minutes from Belleair Beach. This 1.1029 acre lot is located on the north end of the property shared with the reputable furniture chain, Badcock Home Furniture &more. and national primary care facility ChenMed.
A prime development opportunity with excellent access and visibility. Neighboring major retailers include Life Storage, Denny’s, Burger King, Subway, Dunkin’, and Walmart Supercenter. Also nearby are Largo Medical Center, Largo High School, Aldi, T.J. Maxx, Hampton Inn & Suites, and Publix. Also available as BTS or Ground Lease.
- Purchase, Ground Lease, or BTS
- Prime Development Location
- Shared Lot with Badcock Home Furniture &more and ChenMed
- 1.1029 Acres
- FAR: 0.55
- Future Land Use: CG - Retail, Multifamily (24 units/acre), ALF, Car Wash, Office, Storage/Warehouse, Manufacturing-Light/Medium Storage, etc.
- Highly trafficked, 33,000+ VPD
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
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