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    508 Athens St Tarpon Springs, FL 34689

    Sponsored
    For Lease
    $10 SF/Yr ($4,213 /Mo)

    Historic Sponge Docks Retail/Restaurant Opportunity

    Lot size:
    4,703 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime commercial space available for lease in the heart of Tarpon Springs' Historic Sponge Docks. This single-story, 4,703-square-foot building, renovated in 2022, offers a versatile layout ideal for various uses, including restaurants, retail, or entertainment venues. The property features a spacious open area, a former kitchen with a 10' hood and fan, and existing electrical plans for additional appliances. Three bathrooms, an office, and a storage room provide ample support space. The building is zoned T5c and allows for mixed-use, including restaurants and alcoholic beverage establishments (both on and off-premise). Conditional uses include office space, marine-related commercial ventures, and more. This location, previously home to Zorba's nightclub, presents a unique chance to establish a thriving business in a vibrant, historic setting. The property includes no on-site parking. This is a Class C building with one building on one story.

    Property Features for 508 Athens St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,703 SF
    Class
    C
    Total Rate
    4213.1

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    508 Athens Street
    Size
    4,703 SF
    Rate per SF
    $10

    HighLights

    • 4,703 SF retail/restaurant space available for lease in Tarpon Springs.
    • Single‑story, Class C building renovated in 2022.
    • Multiple tenancy; one space currently available.
    • Located in the heart of Tarpon Springs' Historic Sponge Docks.
    • Zoned T5c; allows for mixed‑use, including restaurant and retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.760273646505
    Latitude
    28.154339638852

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    FAQs

    What type of property is this?
    Restaurant - Historic Sponge Docks Retail/Restaurant Opportunity
    Where is this restaurant located?
    The property is located at 508 Athens St Tarpon Springs, FL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 4,703 SF retail/restaurant space available for lease in Tarpon Springs.; Single-story, Class C building renovated in 2022.; Multiple tenancy; one space currently available.
    Request Owner's contact information
    508 Athens St Tarpon Springs, FL 34689
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    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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    508 Athens St Tarpon Springs, FL 34689
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