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Turnkey Medical Office | St.Petersburg/Tampa 1511 Indian Rocks Rd S 2,773 SF Vacant Office Building Online Auction Sale Largo, FL 33770
Matterport 3D Tour
Investment Highlights
- Investors and owner/users have the opportunity to capitalize on a former dental and medical property ready for new use.
- Strategically located within the Tampa/St. Petersburg Metropolitan Statistical Area, one of Florida's most rapidly expanding regions.
- Healthcare is a cornerstone sector in the area with strong demand due to the region’s growing and aging population.
- Indian Rocks Road S is a highly trafficked retail corridor and connector for the area, seeing over 15,000 vehicles per day.
- Conveniently located less than a half-mile from HCA Florida Largo Hospital, which has 455 beds and more than 1,700 employees.
Executive Summary
NAI Columbia is pleased to present 1511 Indian Rocks Road S, Largo, Florida, 33770, a valuable investment opportunity for owner/occupiers and value-add investors. This 2,773-square-foot vacant medical office building is ideally suited for dental, medical, healthcare, or related professional uses. Built in 1962, the property showcases a well-maintained façade and mature landscaping, creating exceptional curb appeal. The site spans 0.24 acres and offers ample on-site parking for employees, visitors, and patients. Recognized as a standout asset within the Largo medical office market, the building has been carefully maintained over the years. Investors can take advantage of the strong demand in the area by leasing the property at prevailing market rates or choose to operate a medical or dental practice at this prime location.
This location in Largo offers an excellent opportunity for buyers. It’s just minutes from HCA Florida Largo Hospital and benefits from strong medical connections, with over 6,509 physicians, social assistance workers, and healthcare providers within 3 miles. The surrounding area is both affluent and densely populated, featuring 152,396 residents and an average household income of $85,182 within a 5-mile radius. The property sits on a busy retail corridor, giving buyers access to significant daily traffic. It is surrounded by local retailers and is also a short drive from nationally recognized brands.
Situated within the broader Tampa market, this property offers significant advantages for both investors and owner/users. The Tampa area has seen substantial growth in recent years, attracting new residents and businesses and establishing itself as one of Florida's premier destinations. This expansion has contributed to a robust local economy. The education and health services sectors continue to drive employment growth, with the University of South Florida serving as a regional anchor alongside leading healthcare systems such as BayCare, AdventHealth, and Tampa General Hospital.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This location in Largo offers an excellent opportunity for buyers. It’s just minutes from HCA Florida Largo Hospital and benefits from strong medical connections, with over 6,509 physicians, social assistance workers, and healthcare providers within 3 miles. The surrounding area is both affluent and densely populated, featuring 152,396 residents and an average household income of $85,182 within a 5-mile radius. The property sits on a busy retail corridor, giving buyers access to significant daily traffic. It is surrounded by local retailers and is also a short drive from nationally recognized brands.
Situated within the broader Tampa market, this property offers significant advantages for both investors and owner/users. The Tampa area has seen substantial growth in recent years, attracting new residents and businesses and establishing itself as one of Florida's premier destinations. This expansion has contributed to a robust local economy. The education and health services sectors continue to drive employment growth, with the University of South Florida serving as a regional anchor alongside leading healthcare systems such as BayCare, AdventHealth, and Tampa General Hospital.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Matterport 3D Tour
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
2,773 SF
Building Class
C
Year Built
1962
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,773 SF
Building FAR
0.27
Lot Size
0.24 AC
Parcel Number
05-30-15-36180-001-0130
Zoning
Commercial
Amenities
- Signage
- Partitioned Offices
- Air Conditioning
About Mid-Pinellas County
Largo’s office market attracts tenants seeking an urban environment at a relatively more price point compared to the larger nearby office nodes of Westshore and downtown Saint Petersburg. The region is one of the highest population growth areas in the region, providing office tenants with a large, skilled workforce to source employees.
The area consistently maintains low vacancies due to steady office demand. Medical offices are also prevalent due to the county's older population and the presence of numerous large healthcare facilities such as Largo Medical Center and HealthSouth Rehabilitation Hospital of Largo.
Largo's central location is also a boon. The area has easy access to St. Pete - Clearwater International Airport and key roadway arteries such as W Bay Drive and US Route 19.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
11,238
81,303
186,312
2020 Population
11,900
77,680
182,610
2029 Population
11,180
82,504
188,174
2024-2029 Projected Population Growth
-0.5%
1.5%
1.0%
Daytime Employees
2,559
27,552
95,083
Total Businesses
294
3,974
11,804
Average Household Income
$87,570
$86,200
$85,182
Median Household Income
$72,058
$62,531
$61,996
Total Consumer Spending
$150.1M
$1.1B
$2.5B
Median Age
47.1
53.4
52.4
2024 Households
4,971
38,530
86,827
Percent College Degree or Above
15%
18%
19%
Average Home Value
$425,878
$380,532
$361,633
$ values in USD
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Turnkey Medical Office | St.Petersburg/Tampa | 1511 Indian Rocks Rd S
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Turnkey Medical Office | St.Petersburg/Tampa | 1511 Indian Rocks Rd S
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