$3,500,000
172 107TH AVENUE
TREASURE ISLAND, FL, 33706
LOCATION< LOCATIONLOCATION!!! In the heart of downtown Treasure Island just a block from Beach & Beach Access. This is a five-unit, mix use commercial building. Unique & Unusual in every way. There are two ground floor commercial units fronting107th Ave near Gulf Blvd. across from the Clock Tower. These two units are underlease. One of the commercial units is 1,500 sq. ft. and the other unit is 3,000 sq. ft. (Paradise Spa).
The second floor consists of 3 residential units: 2 – 1-bedroom/ 1 bath units and 1 – 2-bedroom 1.5 Bath w/laundry. This unit has a very large game/hobby room at the rea of it. Could possibly be developed as a 4th unit. All units are under lease. The residential units have had the baths upgraded. All three residential units shar a private common exterior patio area. It is a 20′ x 32′ second story Sun Deck in the rear of the building. All utilities are paid for by the tenants except water, sewer & trash. Top grade roof membrane installed +/- 11 years ago and come with a 20 year warranty. Sale includes the deeded parking lot with 11 spaces in from and two in the rear. This is an extremely convenient location in easy walking distance to Publix, Bankos, Hotels/Motels, Restaurants/Bars and of course the Gulf of Mexico. This is a Minimal Maintenance Turnkey property. Owner will consider POSSIBLE OWNER FINANCING (secured by other assets) or other properties as Partial Exchange/Trade for a portion of the purchase price. This is a one-of-a-kind Investment: Fully Rented, solid Cash Flow, Great Exposure and the term Location/ Location doesn’t say enough.
The second floor consists of 3 residential units: 2 – 1-bedroom/ 1 bath units and 1 – 2-bedroom 1.5 Bath w/laundry. This unit has a very large game/hobby room at the rea of it. Could possibly be developed as a 4th unit. All units are under lease. The residential units have had the baths upgraded. All three residential units shar a private common exterior patio area. It is a 20′ x 32′ second story Sun Deck in the rear of the building. All utilities are paid for by the tenants except water, sewer & trash. Top grade roof membrane installed +/- 11 years ago and come with a 20 year warranty. Sale includes the deeded parking lot with 11 spaces in from and two in the rear. This is an extremely convenient location in easy walking distance to Publix, Bankos, Hotels/Motels, Restaurants/Bars and of course the Gulf of Mexico. This is a Minimal Maintenance Turnkey property. Owner will consider POSSIBLE OWNER FINANCING (secured by other assets) or other properties as Partial Exchange/Trade for a portion of the purchase price. This is a one-of-a-kind Investment: Fully Rented, solid Cash Flow, Great Exposure and the term Location/ Location doesn’t say enough.
Property Details
Price:
$3,500,000
MLS #:
U8218689
Status:
Active
Beds:
0
Baths:
0
Address:
172 107TH AVENUE
Type:
Commercial
Subtype:
Industrial
Subdivision:
TREASURE ISLAND CITY OF
City:
TREASURE ISLAND
Listed Date:
Oct 25, 2023
State:
FL
Finished Sq Ft:
8,432
ZIP:
33706
Lot Size:
10,001 sqft / 0.23 acres (approx)
Year Built:
1958
Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Central Air
Heating
Central, Central Individual
Exterior
Construction Materials
Block, Concrete
Parking Features
6 to 12 Spaces, Deeded
Roof
Membrane
Financial
Buyer Agent Compensation
3.0%-$395%
Tax Year
2022
Taxes
$16,570
Mortgage Calculator
Map
Courtesy of INTERNATIONAL PROPERTY SPECIAL. 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.
172 107TH AVENUE
TREASURE ISLAND, FL
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