508 Athens StTarpon Springs, FL 34689

Property Details for 508 Athens St

Year built

1932

Construction

CONCRETE BLOCKS

Lot size

0.08 AC

Property size (Sq ft)

4,703 SF

Property type

Retail properties

Property subtype

Bars

APN

12-27-15-41184-000-0120

APU

122715411840000120

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,433,809

  6.5%

  $1,323,516

  7%

  $1,228,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,306,990

  Geo Method

  $1,306,990

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,435

  Hospitality

  $1,022,649

  Educational

  $850,832

  Medical

  $880,093

  Retail

  $1,323,516

Location Insight

City

Tarpon Springs

County

Pinellas

State

Florida

Latitude

28.1543

Longitude

-82.7601

CBSA code

45300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].