714 1ST Avenue SW, Largo, FL 33770

Extremely Rare MIXED-USE opportunity in the heart of Downtown Largo offering immediate income potential and flexible future use. This fully updated three-unit mixed-use property includes two residential units and one commercial storefront, creating multiple revenue streams in one of the area’s strongest rental corridors. The owner’s relocation presents a unique chance to secure this versatile income-producing property just minutes from the Gulf beaches and surrounded by shops, restaurants, groceries, and entertainment within walking distance, at the lowest price per sqft in the area. Some TLC may be required, but absolutely no major issues. So what makes this one so special? 1) Three-unit mixed-use configuration consisting of one 2 bed / 2 full bath apartment, one studio efficiency with enclosed shower bathroom, and a large 700 sqft commercial storefront. 2) Large flexible commercial space featuring a galley kitchen, refrigerator, washer and dryer, and layout suitable for retail, office, spa, barbershop, medical practice, or most service-based businesses. 3) Value-add potential: the commercial space may offer the opportunity to convert into two additional residential units, maximizing rental income potential. 4) Brand new roof recently installed in summer 2025. 5) Further major upgrades throughout, including brand new plumbing 2025, brand new electrical 2025, brand new windows 2025, brand new doors 2025, fresh interior paint 2025, and brand new ceilings and insulation 2021. 6) 1-car carport plus additional on-site parking. 7) Connected storage space in the back, not counted in heated sqft. 8) Electricity separately metered for all units. 9) Turnkey and rent-ready. 10) Fantastic location in Downtown Largo, within walking distance from shopping, restaurants, grocery stores, entertainment, and an abundance of local businesses. Just 3.5 miles from Belleair Beach, 15 minutes to Clearwater Beach, and walking distance to HCA Florida Largo Hospital. The area is a hot high-demand rental market for both short and long-term tenants, including AirBNB guests, traveling nurses and other medical professionals. Properties offering this level of location, flexibility, and income potential are extremely rare. With multiple income streams and strong rental demand from both residential tenants and local businesses, this property presents exceptional long-term upside. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Disclosures and MLS info sheet available. No assignable contracts accepted.