735 Dodecanese BlvdTarpon Springs, FL 34689

Property Details for 735 Dodecanese Blvd

Year built

1983

Construction

CONCRETE BLOCKS

Lot size

1.60 AC

Property size (Sq ft)

1,200 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

12-27-15-98227-001-0030

APU

122715982270010030

Description

This 550-square-foot retail space is situated within The Sponge Exchange, a landmark retail plaza in Tarpon Springs' renowned Sponge Docks. Its prime location on Dodecanese Boulevard ensures high foot traffic, capitalizing on the area's bustling tourist activity and established local clientele. The Sponge Exchange itself is the largest retail plaza in the Sponge Docks, boasting a diverse tenant mix and a recently updated, tastefully modernized aesthetic. This single-tenant space presents a unique opportunity to establish a business in a Class A location, benefiting from the high visibility and established reputation of this iconic destination. The property's strategic placement within the Sponge Docks guarantees significant exposure to both local residents and the substantial tourist traffic that characterizes this vibrant area. The modern updates throughout the plaza enhance the overall shopping experience, creating an attractive environment for businesses and customers alike. This retail space offers a compelling opportunity for businesses seeking a high-traffic, high-visibility location within a well-established and attractive retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $365,845

  6.5%

  $337,703

  7%

  $313,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,487

  Geo Method

  $333,487

• Alternative Use

  Use

  Valuation

  Residential

  $284,865

  Hospitality

  $260,935

  Educational

  $217,095

  Medical

  $224,561

  Retail

  $337,703

Location Insight

City

Tarpon Springs

County

Pinellas

State

Florida

Latitude

28.155

Longitude

-82.761

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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