151 1st St NW
Largo, FL 33770
Asking Price: $990,000
For: Sale
Property Type: 4-Parcel Development Assemblage
Building Size: 0.47 Acres
Lot Size: 0.47 AC
Zoning: West Bay Drive CRD
• Zoning allows up to 60 units per acre, recently doubled from 30 units
• ±28-unit yield projection with 81,892 SF potential buildable area (at 4.0 FAR)
• No height restriction district-wide; only a two-story minimum applies
• Located in an Opportunity Zone and Brownfield area, offering state and federal tax incentives
• City incentive programs include per-unit grants, fee waivers, and development reimbursements
• Walking distance to employment, retail, and the new $85M City Hall complex
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.
Largo recently doubled the base residential density in this district and offers stackable bonuses, direct 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.
Contact
Dee Maret
Kris Dumke
Kris@BridgewaterCommercial.com