Our Offering is for 2.4 acres in an exceptional location on a major corridor in a community in Florida. The Site consists of 105,000 SF of mostly vacant land with two structures. The land mass has an unbelievable 400 ft of frontage with a depth of 267 ft. The structures sit on the very southern edge.
The site was in unincorporated Pinellas County but was recently annexed by the city of Largo.
Building Notes: There are two structures total of 8,200 SF. The buildings were built in 1935 and 1971. The buildings are both stick and easily demolished.
Land Notes: The land mass is a generous 2.4 acres. The land is perfectly flat and manicured. There is already fiber, power, trash, and water at the site. The recent annexation to the city of Largo will have water, sewer, and trash available from the city. The frontage of 400 ft and an unbelievable depth of 267 ft, are critical dimensions. These measurements are more than enough to satisfy the parking garage requirements of a mid-rise apartment or condo building. There are already two curb cuts, if needed more may be attained.
Multiple Pathways:
1) Blade the buildings and develop all of the 2.4 acres into multiple Multi-family Mid-Rises.
2) Develop the site as Mixed Use with Retail on the frontage and Multi-Family Mid-Rise in the rear.
3) Develop as Retail - a) Develop the site into a boutique shopping center. b) Develop the into a Small Box site. c) Giant Service Station. d) Car Wash Site
4) Develop the site into a Self Storage Site
5) Develop the site into an Office Complex
6) All above - Multi Mixed Use with Retail and Office upfront and Multi-Family in the rear
The city of Largo is very accommodating and progressive. The city staff was extremely helpful in the annexation process and stated that re-zoning would be appropriate.
Multi-Family Zoning seems to be very desirable with increased density. It has also been stated the site may be eligible for the "Live Local Act". Many out-of-state developers may not be familiar with this very advantageous statute.
The "Live Local Act" is a state statute unique to Florida, it is a comprehensive, statewide attainable housing strategy, designed to increase the availability of affordable housing opportunities for Florida’s residents, who desire to live within the communities they serve. This framework provides historic recurring funding for housing very low to moderate-income households. In addition to a multitude of new programs, incentives, and opportunities, this legislation works to focus Florida’s housing strategy in ways that make housing more attainable. This is very attractive to Developers because the Act allows significantly increased density under certain circumstances.
Link to "Live Local Act" - https://www.flsenate.gov/Committees/BillSummaries/2023/html/3068 and https://www.floridahousing.org/live-local-act.
The Site abuts two attractive Zones, one is RM 15which is a multi-family zoning, and one is a Commercial Corridor with Retail, Office, and Multi-Family Zoning. Nearby Zones can be crucial for re-zoning.
It should be stressed that this opportunity is "Currently Not on the Market".
LOCATION DESCRIPTION: The location is simply superior, the address is on Starkey Blvd at 900 Starkey. Starkey Blvd is a major north-south corridor that runs almost through the whole county from south St Pete to Palm Harbor, north county.
The property is located in Largo proper, in the famed county of Pinellas in Florida.
The location is just south of a lighted intersection of the popular east-west corridor known as East Bay Drive, this highway runs from Tampa Bay to the Gulf of Mexico. The site is also just north of the lighted intersection of Ulmerton Road another major east-west boulevard that runs water to water.
These two major highways, Ulmerton and East Bay cause the two international airports of St Pete / Clearwater and Tampa International to be super convenient, both are only 15 minutes away. It also makes the popular beaches on the barrier islands only 15 minutes away.