530 Athens StTarpon Springs, FL 34689

Property Details for 530 Athens St

Year built

1976

Construction

CONCRETE BLOCKS

Lot size

0.11 AC

Property size (Sq ft)

3,429 SF

Property type

Turn key restaurants

APN

12-27-15-41184-000-0070

APU

122715411840000070

Description

This exceptional 5,000 square foot (more or less) restaurant is ideally situated in the heart of Tarpon Springs' renowned Sponge Docks, a premier tourist destination in West Florida. Boasting a high walk score and a strong local residential base, this location offers unparalleled potential for success. The property features a fully operational and equipped commercial kitchen, ready for immediate use. The spacious layout includes a large bar area, a substantial office, and a walk-in refrigerator. Furniture, fixtures, and equipment are included in the sale. The restaurant comfortably seats over 150 patrons, divided between two separate dining rooms, each with its own restrooms. This dual-room setup allows for simultaneous private catering events and a la carte dining, maximizing operational flexibility and revenue streams. A full liquor license (SRX) is in place, simplifying the transition for a new operator. This turnkey opportunity presents a rare chance to acquire a thriving restaurant business in a highly desirable location. The property's established infrastructure and prime location make it an exceptional investment for experienced restaurateurs seeking a well-established and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,045,403

  6.5%

  $964,988

  7%

  $896,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,938

  Geo Method

  $952,938

• Alternative Use

  Use

  Valuation

  Residential

  $814,003

  Hospitality

  $745,622

  Educational

  $620,349

  Medical

  $641,684

  Retail

  $964,988

Location Insight

City

Tarpon Springs

County

Pinellas

State

Florida

Latitude

28.1548

Longitude

-82.7602

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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