$2,190,000
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.
Listed by Angela Crook, .
Property Highlights
- Acres: 0.28
- County: Pinellas
- Year Built: 1914
- Property Type: Commercial, Mixed Use
- MLS #: U8247967
Property Features
| Direction Faces | North |
| Interior Square Footage | 13,104 |
| Lot Size Acres | 0.28 |
| Lot Size Dimension | 74x162 |
| Lot Size Square Feet | 11,988 |
3D Tour
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