Renovated Shopping
New
For Sale
$6,000,000
39920-39936 US HIGHWAY 19 N, Tarpon Springs, FL 34689
Nine leased suites house a mix of national and local tenants along an established retail corridor.
Property Size26,654 SF
Lot Size2.75 Acres
Price / SF$226.82
Days on Market3
Property Features for 39920-39936 US HIGHWAY 19 N
General Information
Standard status
Active
Size
26,654 SF
Lot size
2.75 Acres
Property subtype
Commercial
Site & Location
Traffic Count
59,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$45,774
Building Details
Building Size
26,654 SF
Year Built
1980
Units
9
Tenancy
Multi
Listing Agency:
VIEWPOINT REALTY INTERNATIONAL
Listed By:
Anthony Maccaroni · License #3304442
(727) 641-0271
Source:
Elliman
Added: Nov 3
Last Checked: Nov 4 at 1:07PM
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 VIEWPOINT REALTY INTERNATIONAL
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Investment Insights
Based on property information with market context.
Savion Center is a renovated shopping center comprising 26,453 square feet across nine suites on 2.75 acres. The suites are leased to a mix of national and local tenants. The property has direct frontage on US Highway 19 and two dedicated access points; it was built in 1980.
More than 59,000 vehicles travel the corridor daily, according to FDOT 2024 figures. Innisbrook Golf Resort is one mile south, and the surrounding trade area includes Publix, ALDI, Walmart, Lowe's, Home Depot, Starbucks and Chick-fil-A. The center is in Tarpon Springs, between Klosterman Road and Tarpon Avenue, with approximately 140,000 residents within a 5-mile radius.
More than 59,000 vehicles travel the corridor daily, according to FDOT 2024 figures. Innisbrook Golf Resort is one mile south, and the surrounding trade area includes Publix, ALDI, Walmart, Lowe's, Home Depot, Starbucks and Chick-fil-A. The center is in Tarpon Springs, between Klosterman Road and Tarpon Avenue, with approximately 140,000 residents within a 5-mile radius.
Key Highlights
- 26,453‑square‑foot center on 2.75 acres
- Nine leased suites with national and local tenants
- Direct frontage on US Highway 19 with two dedicated access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,702
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,194,040
$5.2M
Cap Rate 7%
$3,710,029
$3.7M
Cap Rate 9%
$2,885,578
$2.9M
Market Conditions
NOI Build-Up for 26,453 SF
Gross rent
$396.8K $15.00/SF
− Vacancy
−$25.8K −$0.98/SF
EGI
$371.0K $14.03/SF
− OpEx
−$111.3K −$4.21/SF
NOI
$259.7K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,194,040
Cap Rate 7%
$3,710,029
Cap Rate 9%
$2,885,578
Alternative Uses
Best Use
Retail
$3.71M
$3.25M – $4.33M
NOI $259,702 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.88M
$6.02M – $8.03M
NOI $481,644 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
59,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 10%
Hotels & Casinos 7%
Home Improvements & Furnishings 3%
Cody's Original Roadhouse
Dining
11,835 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,461 visits/mo
0.2 miles
IHOP
Dining
6,269 visits/mo
0.4 miles
Citgo
Shops & Services
2,634 visits/mo
0.2 miles
Hampton Inn & Suites Tarpon Springs
Hotels & Casinos
2,419 visits/mo
0.4 miles
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Nine leased suites house a mix of national and local tenants along an established retail corridor.
Where is this shopping center located?
The property is located at 39920-39936 US HIGHWAY 19 N Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 26,453‑square‑foot center on 2.75 acres; Nine leased suites with national and local tenants; Direct frontage on US Highway 19 with two dedicated access points
