Physician's Plaza at Largo Medical Center

AREA PROFILE

City of Largo, Pinellas County, Florida is located on a peninsula in the western portions of the county and is included in the western portion of the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA). It is the third-most populous city in the county and nearby Clearwater is the seat of Pinellas County. The main arterial road is US Highway 19 which runs north and south near the center from St. Petersburg to Tarpon Springs in the area. The greater Largo area is approximately 19 square miles with general boundaries of Tampa Bay to the east, Clearwater to the north, Kenneth City to the south, and the Gulf of Mexico to the west. The subject’s local area is a mix of established retail and office uses. There are residential properties located behind the commercial corridors. To the north and east of the subject property are professional and medical offices, to the south is Largo Medical Center, and to the west are single-family residences. Population is anticipated to increase slowly over the next five years and, given the suburban nature of the area, the economy is also expected to improve slowly in the coming years. Based on the preceding analysis, real estate values, including medical office, are predicted to slightly increase over the long term.

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