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151 1st St NW - 4-parcel assemblage Lot • Terrain commercial • 0,47 Acres • 1 399 810 $ CAD • Largo, FL 33770
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Faits saillants de l'investissement
- Zoning allows up to 60 units per acre, recently doubled from 30 units.
- No height restriction district-wide; only a two-story minimum applies.
- Direct city incentive programs include per-unit grants, fee waivers, and development reimbursements.
- ±28-unit yield projection with 81,892 SF potential buildable area (at 4.0 FAR).
- Located in an Opportunity Zone and Brownfield area, offering state and federal tax incentives.
- Walking distance to employment, retail, and the new $85M City Hall complex, with beaches and Tampa Bay area easily accessible.
Résumé de l'annonce
Largo recently doubled the base residential density in this district and has 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
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 1 399 810 $ CAD | Taille du lot | 0,47 AC |
| Prix par AC | 2 978 320,14 $ CAD |
| Prix | 1 399 810 $ CAD |
| Prix par AC | 2 978 320,14 $ CAD |
| Taille du lot | 0,47 AC |
This parcel presents a significant development opportunity within Downtown Largo’s West Bay Commercial Redevelopment District. Four assembled parcels with ±0.47 acres, the site is positioned for high-density multifamily or mixed-use development.
Description
The property offers unparalleled flexibility with no maximum height limit and a FAR up to 5.0 with bonuses. It lies in an Opportunity Zone and Brownfield area, unlocking incentive-rich advantages including local grants, state tax credits, and federal capital gains benefits. Additional perks include city funding programs, fee waivers, and reimbursement options that can substantially offset development costs. Located directly across from the new 74-unit Largo Vista Apartments and a short walk from Largo’s $85M City Hall project (Horizon West Bay), the site benefits from strong market demand and ongoing public investment. Immediate access to dining, retail, and major employment corridors enhances its long-term viability. This assemblage offers a rare chance to capitalize on Downtown Largo’s rapid transformation.
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 19 036 $ CAD | |
| Évaluation du terrain | 327 748 $ CAD | Évaluation totale | 346 784 $ CAD |
Impôts fonciers
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151 1st St NW - 4-parcel assemblage
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