813-376-3386
776 Dodecanese Blvd, Tarpon Springs, FL for Sale
Storefront - FOR SALE
1/44
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776 Dodecanese Blvd
Tarpon Springs, FL 34689


HIGHLIGHTS

  • Prime waterfront location directly on the Anclote River in the heart of Tarpon Springs Historic Sponge Docks.
  • Four in-place revenue streams: including retail, paid parking, waterfront restaurant lease, and boat charter lease.
  • Rare opportunity to capitalize on the sites, redevelopment potential in a supply, constrained submarket, with potential CRA grants.
  • Built-in operator upside with owner-operated retail and parking components that allow hands-on investors to materially increase NOI.
  • Stable passive income from long-term restaurant and boat charter leases tied to waterfront tourism activity.
  • Critical parking advantage: includes a rare 25 space private lot, serving as a high value scarcity asset for any future tenant or retail operation.

OVERVIEW

This offering represents a rare opportunity to acquire a waterfront, income-producing property located in the heart of the Historic Sponge Docks of Tarpon Springs, one of Florida’s most unique and established tourist destinations. Positioned directly along the Anclote River, the property benefits from exceptional visibility, steady year-round foot traffic, and multiple existing revenue streams tied directly to tourism and waterfront activity. In addition to its strong in-place income, the property also presents an exceptional redevelopment opportunity for future growth. The asset currently supports four distinct revenue streams, providing both immediate cash flow and operational flexibility for a new owner. These include an established retail operation, Greek Island Imports Souvenir Shop, which can be owner-operated for increased cash flow or leased to a third-party operator; an income-producing fee parking lot strategically positioned to capture daily visitor demand and generate recurring revenue; The Limani Restaurant, a waterfront dining establishment with a lease in place providing stable rental income; and an existing boat charter lease benefiting from ongoing demand for waterfront excursions and marine tourism. This combination of operated businesses and leased income creates diversified cash flow while allowing a buyer to either step into operations or maintain a more passive investment structure. Located within the internationally recognized Historic Sponge Docks, known as the “Sponge Capital of the World,” the property is situated in Tarpon Springs’ primary economic and cultural hub. The district blends authentic Greek heritage, maritime history, and active waterfront uses, creating a destination experience that cannot be replicated elsewhere in Florida. The Sponge Docks attract over one million visitors annually, supported by attractions such as working sponge docks, Greek restaurants and bakeries, dolphin cruises, cultural museums, and annual festivals celebrating Greek culture and maritime history. This sustained tourism traffic creates a highly durable environment for businesses tied directly to the location. The property also benefits from its position within the greater Tampa Bay region, one of the fastest-growing metro areas in the country. Tampa Bay consistently ranks among Florida’s top tourism and relocation markets, supported by professional sports, beaches, major attractions, cruise ports, and expanding business investment. The region recently generated over $1.2 billion in taxable hotel revenue for the fiscal year, marking its third consecutive year exceeding the billion-dollar threshold, a clear indicator of sustained visitor demand and robust tourism performance. Hillsborough County and the broader Tampa Bay area welcome tens of millions of visitors annually, contributing significantly to local business revenues and economic growth. Florida’s lack of a state personal income tax continues to attract new residents, entrepreneurs, and companies, fueling population growth, consumer spending, and demand for experiential destinations like the Historic Sponge Docks. This opportunity is uniquely positioned to capitalize on both local destination tourism at the Historic Sponge Docks and broader regional growth across Tampa Bay. With existing leased income, diversified business lines, and one of Florida’s most storied waterfront tourism districts, this offering appeals to operators and investors seeking immediate cash flow as well as strategic expansion within a thriving travel and lifestyle economy. Due diligence documents may be provided upon signing of a confidentiality agreement.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

WATERFRONT RETAIL & RESTAURANT-TARPON SPRINGS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,245 SF

ZONING

SAP

APN/PARCEL ID

12-27-15-89982-054-0201

ASK ABOUT THIS PROPERTY

Kari GrimaldiGrimaldi Commercial Realty Corp.More Info
813-376-3386

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Kari GrimaldiGrimaldi Commercial Realty Corp.More Info
813-376-3386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.