- MLS#: U8247967 ( Commercial Sale )
- Street Address: 106 Tarpon Avenue
- Viewed: 4
- Price: $2,190,000
- Price sqft: $161
- Waterfront: No
- Year Built: 1914
- Bldg sqft: 13612
- Days On Market: 179
- Additional Information
- Geolocation: 28.1459 / -82.7559
- County: PINELLAS
- City: TARPON SPRINGS
- Zipcode: 34689
- Subdivision: Tarpon Spgs Official Map
- Provided by: HIGH POINT REALTY INC
- Contact: Angela Crook
- 727-466-6697
- DMCA Notice
Nearby Subdivisions
PRICED AT ONLY: $2,190,000
Address: 106 Tarpon Avenue, TARPON SPRINGS, FL 34689
Would you like to sell your home before you purchase this one?
Description
BACK ON THE MARKET! Discover a prime investment opportunity in the heart of Tarpon Springs, FL with this exceptionally gorgeous and well maintained building. Located prominently on Tarpon Ave, this property boasts three thriving retail tenants on the street level, ensuring steady income flow. Above, eleven spacious apartments on the second floor offer additional rental potential, making it a versatile asset for savvy investors.
With an impressive cap rate to start, this property promises an incredible return on investment. Currently, all rental rates are positioned well below market value, presenting a substantial opportunity for increased revenue. Recent major renovations, including a new roof installed within the last year, underscore the commitment to modernization and structural integrity.
Strategically positioned in a high traffic area, the building enjoys visibility and accessibility, further enhancing its appeal to both commercial and residential tenants. The dynamic growth of Tarpon Springs adds intrinsic value, making this property not only a sound financial investment but also a cornerstone of a vibrant community.
Dont miss out on this rare chance to own a property with significant income potential and capital appreciation. Schedule a showing today to explore the possibilities that await with this prime commercial real estate opportunity.
Property Location and Similar Properties
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- Home Insurance $
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Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 13104.00
Garage and Parking
- Garage Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air, Other, Wall/Window Unit(s)
- Road Frontage Type: City Street
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 0.00
- Tax Year: 2023
Other Features
- Country: US
- Legal Description: TARPON SPRINGS OFFICIAL MAP BLK 67, LOT 8 & E 24FT OF LOT 9
- Area Major: 34689 - Tarpon Springs
- Occupant Type: Tenant
- Parcel Number: 12-27-15-89982-067-0801
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