106 E TARPON AVE, TARPON SPRINGS, FL, 34689
$2,175,000
Commercial Sale
|
Living Area
13,104 Sqft
|
Lot Size
11,988 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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRU8247967 | Year Built: | 1914 | |
| Construction Materials: | Block | Cooling: | Central Air, Other, Wall/Window Unit(s) | |
| Country: | US | Direction Faces: | North | |
| Foundation Details: | Slab | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Occupant Type: | Tenant | |
| Property Sub Type: | Mixed Use | Property Type: | Commercial Sale | |
| Road Frontage Type: | City Street | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Paved | Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | |||
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