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$599,000
TB8536203 MLS
Welcome to the iconic Mermaid House, one of the area's most recognizable landmarks and a rare commercial opportunity where visibility, character, and versatility converge. Zoned for commercial use, this distinctive property offers endless possibilities for entrepreneurs, investors, and business owners seeking a location that stands out. Whether you envision a boutique retail shop, professional office, creative studio, vacation rental business, wellness space, or another unique commercial venture, this turnkey property is ready to bring your vision to life. Inside, the beautifully renovated interior features an inviting open-concept layout with coastal-inspired design elements that create a warm and welcoming atmosphere for clients, guests, or customers. Gorgeous tile flooring extends throughout the space, while the spacious central gathering area seamlessly connects to a well-appointed kitchen featuring a large island, abundant cabinetry, quality countertops, and flexible space ideal for meetings, hospitality, or employee collaboration. Thoughtfully updated bathrooms showcase custom tilework and coastal charm, while multiple private rooms offer flexibility for offices, treatment rooms, consultation spaces, or short-term accommodations. Outside, the fully paved backyard provides a private, low-maintenance outdoor area perfect for client events, outdoor seating, employee breaks, or additional gathering space. With ample flexibility and exceptional curb appeal, the Mermaid House is designed to leave a lasting impression. Strategically located just minutes from major shopping destinations, restaurants, airports, and Florida's world-famous Gulf beaches, this high-visibility property offers an exceptional opportunity to establish or expand your business in one of the area's most desirable coastal markets. Whether you're looking to create a signature commercial destination, capitalize on its proven short-term rental appeal, or invest in a truly one-of-a-kind property, the Mermaid House delivers unmatched potential.

2050 W Bay Drive, Belleair Bluffs

Listing courtesy of COLDWELL BANKER REALTY. 727-581-9411

$2,300,000
TB8520953 MLS
HIGH-YIELD WATERFRONT SHORT-TERM RENTAL INVESTMENT! Turnkey, cash-flowing hospitality asset in Largo offering an exceptional 7.9% actual / 8.0% pro forma cap rate backed by robust verified 2026 actuals (~$182,000 NOI). Configured as a high-capacity 6-bedroom, 3-bath luxury estate sleeping up to 22 guests, the property has delivered an elite $1,259+ actual ADR with strong forward bookings already in place. Situated on an expansive point lot with an incredible 510 feet of wide saltwater frontage and two private composite docks (plus an on-site luxury vessel included in the sale), this resort-style property features a heated pool/spa and upscale designer furnishings throughout. Major capital expenditures have already been handled with a newer roof, high-efficiency solar system, upgraded HVAC, and full impact-resistant glass, keeping operating overhead low. Located in unincorporated Pinellas County (R-3 zoning), this asset is fully insulated from municipal short-term rental restrictions. Complete financial packages and Hostaway analytics available to qualified buyers. Please coordinate all showings via ShowingTime with a 24-hour notice required to accommodate active guest stays.

Belleair Bluffs

Listing courtesy of DALTON WADE INC. 888-668-8283

$199,000
TB8498085 MLS
Established boutique restaurant and wine bar strategically positioned in a high-visibility plaza location in Largo, Pinellas County. This turnkey hospitality operation encompasses 2,800 square feet across three connected units, providing substantial space for dining, bar service, and potential expansion opportunities. The property benefits from exceptional exposure with nearly 20,000 vehicles per day traffic volume and prominent building signage ensuring maximum visibility. Ample parking availability supports customer accessibility and operational efficiency. Key Business Features: • Established customer base with documented revenue history • Prime plaza location with high foot traffic potential • Flexible 2,800 sq ft layout across three units • Outdoor seating capability enhancing revenue opportunities • Large-format exterior signage for brand visibility • Abundant parking supporting customer convenience. Growth Opportunities: The current operating model presents significant expansion potential through extended operating hours and enhanced service offerings. The versatile space configuration allows for concept modification or restaurant format adaptation based on new ownership vision. Financial Information: Comprehensive financial documentation available to qualified buyers, demonstrating established revenue streams and operational history. The seller indicates potential owner financing terms may be available for qualified purchasers. Location Advantages: Situated in Largo's commercial corridor with consistent daily traffic flow of approximately 20,000 vehicles, providing sustained customer exposure and market accessibility. This represents an opportunity to acquire an established hospitality business with proven operational infrastructure, prime location benefits, and documented financial performance in the competitive food and beverage sector.

1901 W Bay Drive Unit 13, Belleair Bluffs

Listing courtesy of VIEWPOINT REALTY INTERNATIONAL. 727-584-7355

$3,200,000
S5143423 MLS
351 W Bay Dr offers investors a stabilized, income-producing retail asset with embedded upside and mixed-use redevelopment potential in the core of Downtown Largo. The property consists of five fully leased suites, delivering immediate in-place cash flow with a diversified tenant mix. Recent capital improvements materially reduce near-term capital expenditure exposure. In 2024, ownership completed a full silicone roof restoration across the entire building at an approximate cost of $34,000. Additionally, several suites have received new HVAC units within the past two years, strengthening the overall mechanical profile of the asset. Beyond stable current income, the property presents a compelling long-term value-add opportunity. The site has received approval from Pinellas Planning & Zoning for the potential addition of up to 16 residential units above the existing commercial structure (buyer to independently verify all zoning, land use, entitlement, and development requirements). This creates a rare opportunity for vertical mixed-use densification in a supply-constrained downtown corridor. Strategically positioned along West Bay Drive with strong frontage and visibility, the plaza is surrounded by significant public and private investment. Nearby developments include the Horizon West Bay project and the new 110,000± SF Largo City Hall complex featuring ground-floor retail and a 365-space public parking garage. The walkable downtown environment, anchored by Largo Central Park and Ulmer Park, supports consistent foot traffic and tenant demand. The asset benefits from proximity to major employment drivers, including HCA Largo Medical Center, and continued residential growth throughout the submarket. As Downtown Largo continues to mature, investors may capitalize on potential rent growth, tenant repositioning, and long-term redevelopment optionality. This offering presents an opportunity to acquire a stabilized retail property with near-term capital improvements completed and strategic upside in one of Pinellas County’s evolving urban nodes.

351 W Bay Drive, Belleair Bluffs

Listing courtesy of KELLY RIGHT REAL ESTATE. 813-312-2282

$799,900
TB8377854 MLS
Turnkey Pizza Restaurant | Prime Largo Location Located in the heart of Largo and directly across the street from Taylor Park, this unique standalone commercial property offers a rare opportunity to own a fully equipped, long-established pizza restaurant space. Situated just minutes from the beach on a lot just over 1 acre, the property blends visibility, accessibility, and versatility in one of Largo’s most active corridors. The two-story building features the restaurant and bar on the upper level, complete with indoor and outdoor seating, a full commercial kitchen, and all equipment included, ready for immediate operation under a new name. The site benefits from prominent signage directly on the main road, and is adjacent to Taylor Park, the popular disc golf course, and a soon-to-be public walking park, driving steady foot and vehicle traffic. Property Highlights: • Over 1 acre lot with a 2-story standalone building • Pizza restaurant on second floor with bar and full kitchen (equipment included) • Leased office space on first floor • Zoned Condo - Commercial - Store • Indoor & outdoor dining areas • Large main road signage and high visibility • Extra revenue from parking lot (RV rentals) • Walking distance to Taylor Park and future walking park • Minutes to the Gulf beaches The current use of this property is legally non-conforming under the City of Largo. The site is presently zoned partly Medium Residential and partly Recreational. According to the City’s Planning Department, the only future land use/zoning change they would consider is a rezoning to full Medium Residential to make the property fully conforming. Medium Residential allows a density of up to 15 units per acre. If the property continues operating as a restaurant, it may maintain its legally non-conforming status; however, any change of use would likely require City approval and may not be approved.

1200 8th Avenue Sw Unit 1, Belleair Bluffs

Listing courtesy of REK REALTY. 727-584-0084

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