Office/Warehouse Business Center- Tarpon Lake Center

Office for Sale
Catylist Listing ID: 30396813
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 94,320 SF
Gross Building Area: 104,250 SF
Sale Price: $3,500,000
Unit Price: $37.11 PSF
Property Use Type: Investment, Business
Building Name: Tarpon Lake Center
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Tarpon Lake Center is a Class C professional office/business warehouse, owner user/investment opportunity located in Tarpon Springs, Florida. The property consist of three buildings located on 11.28 acres of land that has plenty of surrounding parking. There are 2- two story office buildings and a one-story business warehouse building. The 41,150 GF of professional office configurations range from 450 to 3,600 useable sq.ft. in size. The 18,980 GF of professional office configurations range from 2,145 to 7,700 useable sq.ft. in size. The one-story business warehouse building of 44,120 GF business office/warehouse configurations range from 1,000 to 5,000 useable sq.ft. in size, totaling 104,250 gross square feet. The buildings were constructed in 1987 with concrete block, steel trusses and corrugated metal roof. The owner user and/or investor has the ability to re- develop the property and/or modernize the office building capitalizing on current market rents, increasing the potential income stream. The property is situated on US Highway North adjacent to Pinellas County’s Anderson Park and Recreation Area and Salmon Bay access to Tarpon Lake. Easy access on US Highway 19 North with ample ingress and egress. Tarpon Lakes Center represents an investment opportunity in a high-growth submarket with flexible ownership structure to operate as an Investor/Owner User or re-develop the entire property for a stabilize up and coming investment.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 18-27-16-89424-000-0134 and 18-27-16-89424-000-0160
Zoning: GC
Property Located Between: Tarpon Ave and E. Kloterman Rd
Property Visibility: Excellent
Highway Access: US Highway 19 North
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1987
Zoning Description: GC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,467 51,594 141,275
Median Age: 51.6 46.78 46.68
Households: 4,048 22,427 60,972


Photograph of Listing Agent

Daniel Nelson

RE/MAX RealTec Group
CE-FL Member
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