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Historic Mixed-Use Main Street Property

454 MAIN STREET Safety Harbor, FL 34695

454 MAIN STREET, Safety Harbor, FL, 34695
$3,999,000
For Sale
Claim this Listing
$3,999,000

Charming mixed-use property with retail and residential income potential.

Property Size9,605 SF
Price / SF$416.35
AddedMay 3, 2025
Days on Market439
Last RefreshMay 28 at 11:54 pm

Property Features for 454 MAIN STREET

General Information

Standard status
Active
Size
9,605 SF
Property subtype
Commercial/Industrial

Building Details

Year Built
1918

Listing office KELLER WILLIAMS TAMPA PROP.

Listing date May 3, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS TAMPA PROP.


Investment Insights

Based on property information with market context.

Located in the heart of Safety Harbor, this mixed-use property, known as Harbor Inn on Main, is a generational asset. The property has 155 feet of frontage on Main Street, recently ranked among the best in the U.S. The building, constructed in 1918, features 9,605 square feet under roof and 2,599 square feet of balcony space. Zoned Main Street Marketplace (MSM), it supports various uses, including retail, multi-family, office, hospitality, and entertainment. Currently, the property operates as a hybrid LTR/STR Airbnb Superhost, featuring eight turnkey apartment units: six one-bedroom units and two studios, each with full kitchens and baths. There is also an opportunity to expand with a ninth unit or an owner/manager’s suite. The ground-floor retail space, totaling 2,983 square feet, is elevated above street level and benefits from natural light. The retail space is currently rented month to month. Capital improvements include a new roof in 2020 on the primary building and new HVAC with ductwork in 2023 in the retail space. Additional features include 14 private parking spaces and garage/storage space. The property is located in Flood Zone X, near the Safety Harbor Spa, and features two Great Oaks on site, steps away from the Third Friday Street Festival. The property offers charm, versatility, and income potential.

Key Highlights

  • Prime Main Street location in a nationally recognized top small town (USA Today ranking).
  • Income‑generating property currently operating as a top‑rated Airbnb Superhost with 8 turnkey apartment units.
  • Versatile Main Street Marketplace (MSM) zoning allows for a wide variety of uses (retail, multi‑family, office, hospitality, entertainment).

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $207.5k $21.60
− Vacancy −$16.6k −$1.73
EGI $190.9k $19.87
− OpEx −$71.6k −$7.45
NOI $119.3k $12.42
9,605 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$1.70M
$1.49M – $1.99M (±1% cap)
NOI $119,294 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$1.35M
$1.18M – $1.57M (±1% cap)
NOI $94,297 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$2.50M
$2.19M – $2.91M (±1% cap)
NOI $174,884 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Harbor Inn on Main Hotel & Motel Harbor Inn Hotel & Motel Accents By Paula Interior Design

Suggested Use

Dental Office Parking Lot & Garage Pharmacy Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Kitchen & Bath Showroom Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Charming mixed-use property with retail and residential income potential.
Where is this mixed-use property located?
The property is located at 454 MAIN STREET Safety Harbor, FL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime Main Street location in a nationally recognized top small town (USA Today ranking).; Income‑generating property currently operating as a top‑rated Airbnb Superhost with 8 turnkey apartment units.; Versatile Main Street Marketplace (MSM) zoning allows for a wide variety of uses (retail, multi‑family, office, hospitality, entertainment).
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