101 Main St
Safety Harbor, FL 34695

Capitalize on the opportunity to acquire an iconic, mixed-use building at the heart of a vibrant, growing community at The Harborhouse at 101 Main Street. The three-story, 31,920-square-foot building, built in 1927, was originally named the St. James Hotel and has transformed a number of times over the years, including into offices in the 1950s and assisted living facilities in 2010. These adaptations have helped shape the property into a mixed-use, strip center-like site, which now includes eight boutique retail units, a first floor highlighted by a spacious lobby area and full commercial kitchen, and second and third floors with a total of 36 fully remodeled rooms and a dining room and laundry facility on each floor. The unique layout, flexible zoning, and absence of historic building restrictions allow for uses that include student housing, an assisted living facility, a hotel, office space, retail, and residential units. Additionally, the distinctive blend of uses has aided in a consistently strong occupancy level exceeding 97. The building’s attraction also lies in its central location in a vibrant community and at the entrance to the sprawling Main Street retail corridor headlined by Safety Harbor Resort and Spa and views of the water at Safety Harbor City Marina. Every third Friday, Main Street welcomes a host of consumers drawn by a wine festival, food trucks, concerts, and a variety of events, which help generate a portion of the area’s $3.9 billion of total consumer spending. The flow of capital throughout the community is set to continue its expansion with a projected population growth of 3.5% over a five-year period within a mile radius, as evidenced by the nearby new 24-unit apartment complex, which is one of many such developments. The Harborhouse at 101 Main Street is primed to be the jewel of any investor’s portfolio at the heart of a thriving community.