Active
106 E TARPON AVE
TARPON SPRINGS FL, 34689
$2,190,000
$167.12 per sqft
Active
13,104 sqft
Commercial
Built in 1914
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.
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.
U8247967
MLSⓇ ID
June 25, 2024
Listed
October 26, 2024
Updated
Map
106 E TARPON AVE
TARPON SPRINGS FL, 34689
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Other, Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.28 Acres
Other Property Details
Area Name
34689 - Tarpon Springs
Taxes
$17,779
Tax Frequency
Annually
Days on Market
73
Association Fee Frequency
Monthly
Garage
No
View
No
County
Pinellas
Municipality
27
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/26/2024 | Price change | $2,190,000 -2% |
10/13/2024 | Active | — |
9/12/2024 | Pending | — |
Listed by HIGH POINT REALTY INC
Listing Contact: 727-466-6697
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Data last updated 10/26/2024, 2:48 PM UTC