WATERFRONT RETAIL & RESTAURANT-TARPON SPRINGS 776 Dodecanese Blvd 4,491 SF 50% Leased Retail Building Tarpon Springs, FL 34689 For Sale

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.