106 E TARPON AVE, Tarpon Springs, FL 34689 - MLS#U8247967

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Alina Pekarsky

alina@vhrfl.com +1(386) 569-5383

$2,175,000

Est. payment - /mo

13,104 SqFt

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UPDATED:

01/23/2025 03:35 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 13,104 sqft

Price per Sqft $165

Subdivision Tarpon Spgs Official Map

MLS Listing ID U8247967

HOA Y/N No

Originating Board Stellar MLS

Year Built 1914

Annual Tax Amount $17,779

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 74x162

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.

Location

State FL

County Pinellas

Community Tarpon Spgs Official Map

Interior

Cooling Central Air, Other, Wall/Window Unit(s)

Building

Story 2

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Block

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8247967

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Listed by HIGH POINT REALTY INC

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Alina Pekarsky

+1(386) 569-5383

Broker | BKBK3118291

Broker BKBK3118291

106 E TARPON AVE Tarpon Springs, FL 34689

Alina Pekarsky

Key Details

Location

Interior

Building

Others

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