Safety Harbor mixed-use building sells for $8.45 million
By Breanne Williams
Tampa Bay Business Journal
Published: May 1, 2023

A mixed-use building near the Safety Harbor Waterfront Park has sold to an Orlando investor for $8.45 million.

Orlando-based Concord Syndicate LLC purchased the three-story building on April 21, according to a deed filed in Pinellas County. The seller was an entity linked to Tampa-based REIT4, a real estate investment company led by Dan Kaplan. REIT4 purchased the property in December 2021 for approximately $7.34 million, according to Pinellas property records.

The buyer secured a $6.76 million mortgage from Citizens Bank and Trust, according to property records.

The building, located at 101 Philippe Parkway, was built in 1926 and is just under 32,000 square feet, according to the property appraiser. It sits on the corner of Main Street and Philippe Parkway and is adjacent to Baranoff Park. It is across the street from Bar Fly Safety Harbor and the Safety Harbor Resort and Spa. It is two blocks from the Safety Harbor City Marina and the Safety Harbor Pier.

According to the property appraiser, a portion of the building is designated for an assisted living facility with 56 units.

There are multiple tenants currently along the ground floor of the building, including Agartha Books, the Rocking Delicious chocolate shop, the Rose Garden Boutique and The Patent Bow Boutique, and a medical spa, Ageless Advanced Aesthetics.