For Sale
$3,500,000

2934 Bay DrBelleair Bluffs, FL 33770

1.67 Acres, Retail/Multi-Family Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional 1.67-acre commercial land opportunity in Belleair Bluffs, Florida, located at 2934 W Bay Dr, 33770. This prime property boasts 72,930 square feet of mostly vacant land with a 9,607 square foot existing office building, built in 1968, currently in excellent condition. The building, constructed of concrete block, features high-quality interior finishes and is valued at $3.12 million. The expansive lot offers 265 feet of frontage and a remarkable 255-foot depth, providing ample space for various development scenarios. Utilities are readily available. The flat, cleared land is ideally suited for multi-family residential, retail, or mixed-use development. The City of Belleair Bluffs is supportive of retail and residential projects, including mixed-use developments, with suggestions for a maximum of six floors and 52 units. Setbacks are 25 feet on all sides. Townhomes are not recommended. This offering presents multiple development pathways, including retaining the existing building for office or retail use, demolishing the building for a larger-scale project, or selling the building or land separately. The property's location on a major corridor in a beach community, one block from the waterfront, offers unparalleled potential for significant return on investment. The asking price is $3,500,000.

Highlights

  • Off-Market Development Land in the desirable Clearwater area.
  • Florida investment opportunity in the Tampa Bay Metro area.
  • Belleair Bluffs location on West Bay Drive.
  • One block from the waterfront with waterfront views.
  • 1.67-acre parcel with fantastic frontage and exceptional depth.
  • Multi-family, mixed-use (retail or office), development potential.

Property Details for 2934 Bay Dr

Property type
Retail properties, Land
Square Feet
10,536 SF
Year Built
1968

Location Insight

City
Belleair Bluffs
County
Pinellas
State
Florida
Latitude
27.9163987
Longitude
-82.8195103
2934 Bay Dr, Belleair Bluffs, Florida

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2934 Bay Dr
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