About 106 E Tarpon Avenue
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.
Features of 106 E Tarpon Avenue
| MLS® # | U8247967 |
|---|---|
| Price | $2,175,000 |
| Sold Price | $2,115,000 |
| Sold Date | April 9th, 2025 |
| Square Footage | 13,104 |
| Acres | 0.28 |
| Year Built | 1914 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Sold |
Listing Details
| Office | HIGH POINT REALTY INC |
|---|
Listing Map
Neighborhood Information for 106 E Tarpon Avenue
Stable Population, Moderate Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Tarpon Springs Fundamental Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
0 Miles | |
|
Tarpon Springs Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Sunset Hills Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Tarpon Springs High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Tarpon Springs Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
2 Miles | |
|
|
Gulfside Elementary School Public - Kindergarten to 5Th Grade |
2 Miles | |
|
|
Paul R. Smith Middle School Public - 6Th Grade to 8Th Grade |
2 Miles |
School data provided by GreatSchools