419 E Tarpon Ave
List Price: $356K
Purchase Price: $280K
Percentage of List: 79%
Client Savings: $76K
Pre-Closing ROI: N/A
Location: Commercial Downtown Tarpon Springs
This commercial property was listed at $356,000 and I helped my client acquire it for $280,000 so I believe that is 79% of the list price in a competitive market. Great Location near Downtown Tarpon Springs Historical District. Directly located on Tarpon Ave. with great visibility. Two Buildings. Main Building on Tarpon Ave. 3542 Sqft. Second Building 1080 Sqft. Five Units total, with 4 separate electric meters. 100% occupancy at time of closing.
We had an agreed price of $305,000 to start out and then after inspections revealed some unforeseen but necessary repairs. I reached out to a GC that I knew of and had him and a couple other companies put together some quotes for remedy and was able to knock down the final sale price and additional $25,000.