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 7.13% 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.
Don’t 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.
With an impressive 7.13% 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.
Don’t 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 Details
Price:
$2,225,000
MLS #:
U8247967
Status:
Active
Beds:
0
Baths:
0
Address:
106 E TARPON AVENUE
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
TARPON SPGS OFFICIAL MAP
City:
TARPON SPRINGS
Listed Date:
Jun 25, 2024
State:
FL
Finished Sq Ft:
13,104
ZIP:
34689
Lot Size:
11,988 sqft / 0.28 acres (approx)
Year Built:
1914
Schools
Interior
Cooling
Central Air, Other, Wall/ Window Unit(s)
Exterior
Construction Materials
Block
Financial
Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$17,779
Map
Community
- Address106 E TARPON AVENUE TARPON SPRINGS FL
- CityTARPON SPRINGS
- CountyPinellas
- Zip Code34689
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Courtesy of HIGH POINT REALTY INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 106 E TARPON AVENUE
TARPON SPRINGS, FL
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