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    Athens St Tarpon Springs, FL 34689

    Sponsored
    For Sale
    $6,900,000

    Prime Retail, High Tourist Traffic, Mixed-Use Potential

    Property size:
    6,098 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,098 square foot shopping center in Tarpon Springs, Florida, presents a lucrative investment opportunity. Located on E Athens St, within the vibrant Sponge Docks area, this property comprises five leased retail spaces, all currently generating income. The 0.29-acre lot boasts a unique Transect-based Infill Code zoning designation for the Sponge Docks and Community Redevelopment Area, allowing for mixed-use development. This zoning opens doors to a diverse range of possibilities, including live-work spaces, capitalizing on the area's thriving tourism. Built in 1996, the property is offered for sale as a single transaction, including both the existing retail spaces and the vacant land. The Sponge Docks attract significant tourist traffic from both domestic and international visitors, ensuring a strong potential for future growth and return on investment. This prime location and flexible zoning make this a truly exceptional opportunity for investors seeking a high-growth, mixed-use development project in a popular tourist destination. The asking price is $6,900,000.

    Property Features for 0 Athens St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,098 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1996

    HighLights

    • $6,900,000 asking price.
    • 6,098 square foot retail shopping center.
    • Located in Tarpon Springs, FL (Pinellas County, 34689).
    • Built in 1996 on a 0.29‑acre lot.
    • Five leased retail spaces in the Tarpon Springs Sponge Docks, with additional purchase interest and potential for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.756029
    Latitude
    28.151792

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail, High Tourist Traffic, Mixed-Use Potential
    Where is this lifestyle center located?
    The property is located at Athens St Tarpon Springs, FL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: $6,900,000 asking price.; 6,098 square foot retail shopping center.; Located in Tarpon Springs, FL (Pinellas County, 34689).
    Request Owner's contact information
    Athens St Tarpon Springs, FL 34689
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Athens St Tarpon Springs, FL 34689
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