Commercial Sale · Mixed Use
531 ATHENS STREET, TARPON SPRINGS, FL, 34689
Active94 days on marketListed May 7, 2026MLS #TB8506284
About this property
The property at a glance
Virtually Staged. Exceptional mixed-use investment opportunity in the heart of the world-famous Tarpon Springs Sponge Docks. Located on highly desirable Athens Street, this income-producing property offers the perfect blend of commercial and short-term rental potential in one of Florida’s most vibrant waterfront destinations. All structural renovations have been complete. Building is fortified and reinforced. The downstairs commercial space is home to an established full bar with a long-term tenant already in place, providing immediate and consistent income. Upstairs features a beautifully versatile residential space ideal for Airbnb or vacation rental use, complete with 2 sleeping areas including a private bedroom and loft, full kitchen, full bathroom, and a layout designed for comfortable coastal living. Photos show potential renovation ideas. Positioned just steps from the marina, restaurants, nightlife, live music, shopping, and the historic Sponge Docks, this property offers strong tourism appeal and exceptional upside for investors seeking cash flow and future growth potential. Rare opportunity to own a prime property in one of Tampa Bay’s most iconic destination locations. (this listing has also been listed TB8506409)
2,772
Building sq ft
$451
Price / sq ft
0.1
Lot acres
1911
Year built
1
Building
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$6,451/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
663
Population
$125,558
Median income
52
Median age
2
Avg household
$13,058
Median home value
$1,368/mo
Median rent
33%
Households w/ kids
Consumer profile
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Recent sales
What actually sold near 531 ATHENS STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$400,000
501 ATHENS STREET
2,788 sqft · $143/sqft · Sold Oct 30, 2025
$589,824
131 HIBISCUS STREET
3,550 sqft · $166/sqft · Sold Jul 18, 2026
$950,000
4 S PINELLAS AVENUE
1,437 sqft · $661/sqft · Sold Jun 29, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 531 ATHENS STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 531 ATHENS STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of CHARLES RUTENBERG REALTY INC · Christina Paolillo. MLS #TB8506284.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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