106 E Tarpon Ave - Storefront Retail/Residential FOR SALE


Tarpon Springs, FL 34689
$2,190,000 USD
727-804-2116
106 E Tarpon Ave, Tarpon Springs, FL for Sale
$2,190,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | 7.32% Cap Rate

106 E Tarpon Ave
Tarpon Springs, FL 34689


HIGHLIGHTS

  • Prime downtown Tarpon Springs location
  • Excellent Condition - New Roof
  • Below Market Rents Currently

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

CBD

APN/PARCEL ID

12-27-15-89982-067-0801

ASK ABOUT THIS PROPERTY

David KerrHigh Point Realty IncMore Info
727-804-2116

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David KerrHigh Point Realty IncMore Info
727-804-2116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.