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

November 22, 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

83


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 11/22/2024, 8:05 AM UTC

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