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721 E Lake Rd S 2.46 Acres of Commercial Land Offered at $1,500,000 in Tarpon Springs, FL 34688
INVESTMENT HIGHLIGHTS
- Over 27,000 Average Annual Daily Trips (AADT)
EXECUTIVE SUMMARY
This is a rare opportunity to acquire 2.46 acres of high-visibility land on East Lake Road in North Pinellas County. This site is ideally located near residential communities, schools, and recreational amenities—positioning it for successful development in the healthcare, educational, or service sectors.
The property is zoned Limited Institutional (LI) with a land use designation of 1.62 acres Institutional and 0.84 acres Preservation, the latter of which may be used for stormwater management. With 1.94 acres of developable uplands and only 0.52 acres of wetlands, the site is well-suited for a range of high-demand uses.
Zoning & Land Use Details:
Zoning: Limited Institutional (LI)
Land Use:
1.62 acres Institutional
0.84 acres Preservation (eligible for stormwater pond use)
Permitted and Supported Uses Include:
Assisted Living Facilities (ALFs), Child Day Care Centers, Medical Offices / Outpatient Clinics, Funeral Homes / Mortuaries (LI zoning supports both by-right and special exception uses—flexibility for institutional or community service-driven development.)
Lot and Site Details:
Total Acreage: 2.46 Acres
Upland Acreage: 1.94 Acres (buildable)
Wetlands: 0.52 Acres (minimal mitigation needed)
Preservation Area: 0.84 Acres (can serve as stormwater area)
Evacuation Zone: D (Low-risk category in Pinellas County)
Utilities: Available at the road; water/sewer infrastructure nearby
Location & Traffic Data:
Address: 721 East Lake Road, Tarpon Springs, FL 34688
Frontage: Over 300 feet on East Lake Road
Traffic Count: Over 27,000 Average Annual Daily Trips (AADT)
Proximity to Schools: Directly adjacent to Brooker Creek Elementary School
Nearby Demographics: Surrounded by family neighborhoods, active seniors, and young professionals—ideal for multi-generational service uses
Minutes to:
Trinity Medical Corridor
Downtown Tarpon Springs
Innisbrook Golf Resort
John Chestnut Sr. Park
Ideal Development Opportunities:
This site aligns exceptionally well with Florida’s fast-growing senior population and ongoing demand for community-based healthcare and child education. Development concepts that are highly viable on this parcel include:
Assisted Living Facility (ALF) or Memory Care Center
Pediatric or Family Medical Office
Child Development or Learning Center
Funeral or Cremation Services with Chapel
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,500,000 | Lot Size | 2.46 AC |
| Price Per AC | $609,756.10 |
| Price | $1,500,000 |
| Price Per AC | $609,756.10 |
| Lot Size | 2.46 AC |
2.46-acre site on East Lake Rd with 1.94 upland acres. Zoned Limited Institutional for ALF, daycare, medical, or restaurant. Adjacent to elementary school. Evac Zone D. 27,000+ AADT. Includes 0.84 acres of preservation use for stormwater ponds.
DESCRIPTION
Prime 2.46-acre development site on East Lake Road in Tarpon Springs, zoned Limited Institutional (LI). Features 1.94 upland acres and 0.84 preservation use ideal for stormwater. Permitted uses include Assisted Living, Medical Office, Day Care, Funeral Home, and Restaurant. High visibility with 27,000+ AADT and adjacent to Brooker Creek Elementary. Located in Evacuation Zone D with utilities nearby—ideal for healthcare, education, or service-based development.
PROPERTY TAXES
| Parcel Number | 15-27-16-00000-320-0100 | Improvements Assessment | $0 |
| Land Assessment | $349,680 | Total Assessment | $349,680 |
PROPERTY TAXES
Presented by
Verity Senior Living Partners
721 E Lake Rd S
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