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151 1st St NW
Largo, FL 33770 Upper Largo

$990,000 USD

Land For Sale  •  0.47 AC

Property Details

  • Property Type Land
  • Lot Size 0.47 AC
40 Transit Score
60 Walk Score

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.

Highlights

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.
Direct city incentive programs include per-unit grants, fee waivers, and development reimbursements.
Walking distance to employment, retail, and the new $85M City Hall complex, with beaches and Tampa Bay area easily accessible.

Property Flyers

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 23 min - 10.1 mi
Tampa International 35 min - 20.7 mi
Dee Maret CCIM 727-641-5736 Bridgewater Commercial Real Estate
Dee Maret CCIM 727-641-5736 Bridgewater Commercial Real Estate