Description
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.
-
0BEDS
-
0.28ACRES
-
0BATHS
-
01/2 BATHS
-
13,104SQFT
-
$170$/SQFT
School Ratings & Info
Description
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.
© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-09-08T08:46:56.847.
