Price Reduced 1.57%
Price History
$2,225,000
6/25/2024
$2,190,000
10/26/2024
106 E Tarpon AVENUE, Tarpon Springs, FL, 34689
1914
13,104 sqft
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.
Status:
Active
Type:
Commercial
Units:
14
Complex:
TARPON SPGS OFFICIAL MAP
Cooling:
Central Air, Other, Wall/Window Unit(s)
Levels:
2
Lot Size:
74 x 162
Acreage:
0.28
Est. Taxes:
$17,779
Construction
Block
Days on Market:
83
MLS #:
U8247967
Community Info
School Info
Walk Score
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Listing courtesy of HIGH POINT REALTY INC Phone: 727-466-6697