0 Athens St, Tarpon Springs, FL 34689
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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