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Property 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.

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.

Features
: Central Air, Other, Wall/Window Unit(s)
Address Map
US
FL
Pinellas
Tarpon Springs
34689
TARPON
106
AVENUE
W83° 14' 38.7''
N28° 8' 45.4''
North
34689 - Tarpon Springs
E
From Tampa - Boyscout Rd to Tarpon Ave. From New Port Richey - South on US19, Right on Tarpon Ave From Clearwater - North on US19, Left on Tarpon Ave. Property located on the left side just before Pinellas Ave.
Additional Information
74x162
https://www.propertypanorama.com/instaview/stellar/U8247967
2
2225000
2024-06-25
14
: Slab
: Block
13612
Financial
17779.25
Listing Information
260047589
260010834
Cash,Conventional
Active
2024-11-05T21:03:07Z
Stellar
: None
2024-10-13T03:59:38Z
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106 AVENUE Tarpon Springs

106 E Tarpon Ave, Tarpon Springs, Florida 34689

13,104
$2,190,000
Listing ID #U8247967
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : U8247967
Price : $2,190,000
Square Footage : 13,104
Year Built : 1914
Lot Area : 0.28 Acre
Status : Active
Office Name : HIGH POINT REALTY INC
Agent Name : Angela Crook
Property Sub Type : Mixed Use
Listing Status : Active
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Erica Diaz Team

CONTACT US

Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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