Unique Mixed-Use Investment Opportunity in the Heart of Historic Tarpon Springs

$1,300,000

531-533 Athens Street, Tarpon Springs, FL 34689

For Sale

Mixed Use Unknown Sub Type

Active

Last Updated: 10/09/2025

Details:

Building Size: 3,000 sqft

Lot Area: 4,395 sqft

Year Built: 1911

Zoning: Commercial / Mixed-Use

Year Last Renovated: 2019

Offered by Realtor

Jeffrey Armand

Broker Associate

RE/MAX Consultants Realty 1

#3220549

Request Info to Unlock

Highlights:

Prime Tarpon Springs location
3,000 SF freestanding retail building
High-visibility frontage
Strong demographics and traffic counts
Ideal for owner-user or investor
Possible 1031 Exchange opportunity
Proximity to tourist attractions and beach access

Description:

Property Overview
531 Athens Street offers a unique mixed-use investment opportunity in the heart of historic Tarpon Springs, just steps from the world-famous Sponge Docks and bustling waterfront district. The property totals approximately 3,000 square feet and features a stable, income-producing ground-floor retail tenant, along with a versatile upstairs space that can serve as professional offices, creative studios, or be converted into a short-term rental (Airbnb) to capture Tarpon Springs’ strong tourism market.

Property Highlights
• Building Size: ±3,000 SF
• Location: Prime walkable area near Sponge Docks, waterfront dining, and shopping
• Zoning: Commercial / Mixed-Use
• Current Tenancy: Established retail tenant on ground floor
• Upstairs Potential: Office use or short-term rental conversion for additional income
• Visibility: Excellent street frontage with high pedestrian and vehicle traffic
• Condition: Well-maintained structure with flexible floor plan
• Parking: Nearby public parking options to accommodate customers and guests

Investment Opportunity
This property offers both immediate income from the existing retail tenant and value-add potential through the redevelopment or repositioning of the upstairs space. Tarpon Springs continues to grow as a destination city for tourism, culture, and commerce, providing strong fundamentals for rental demand and property value appreciation. Whether purchased as a passive investment with stable returns or a hands-on project to maximize income streams, 531 Athens Street presents a rare chance to own a versatile, income-generating property in one of Florida’s most vibrant historic districts.