160 READ STREET $2,900,000

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    160 READ STREET TARPON SPRINGS, FL 34689

    • 17 Beds
    • 17 Baths
    • 14,055 sq. ft.
    • Single-Family
    • MLS# U8094083
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    Views: 212 Days On Site: 160

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    Property Details

    Description Tours

    WOW!! Calling all INVESTORS, BUILDERS & DEVELOPERS!! Here is your UNIQUE OPPORTUNITY to own 2 Acres in Downtown, Historic Tarpon Springs! 6 Contiguous Properties on over Half of a City Block with Spectacular Views Overlooking Spring Bayou, that will lead you out to the Gulf of Mexico! Within just a Short Walking Distance to The Historic Downtown Tarpon Springs and World Famous Sponge Docks with Amazing Waterfront Restaurants and Shopping, along with Craig Park, which surrounds Spring Bayou and has a Community Boat Launch Ramp! Wet & Dry Boat Storage are also available within Walking Distance. This Total Property Package has Endless Potential ~ Just Given the Current Structures alone, which includes The Historic, First Baptist Church, Built in 1926, that has been Structurally Reengineered and Redesigned into an Exquisite and Amazing Estate Home, Ready to be Completed with your Very Own Finishing Touches! This Property also comes with built in Rental Income from the existing FourPlex, Triplex and 3 Single Family Homes located on the property, all currently leased on a month to month agreement that can be renewed or ready to bring in New Tenants! There is also enough vacant land to build additional Income Properties, which the City of Tarpon has already approved for an additional 7 units! Or if you are the right Buyer/Contractor, you might take advantage of even a greater potential project that could include Total Redevelopment into 17 New Townhomes! Detailed next, are the 6 properties that are included to be sold in this Total Property Package: 1.) 160 Read St. ~ Expansive Single Family Home, divided into Two, Independent Living Spaces. Approximately $850K invested in Near-Complete Redevelopment into Two, High-End Living Spaces. 5 Bedrooms, 5 Full Baths & 2 Half Baths ~ 7,041 sq. ft. Living Space with 3,500 sq. ft. Garage/Workshop on Ground Level that will Accommodate up to 12 Vehicles. Major Redevelopment project completed by current owner in 2014-2016, which utilized SIP's Construction and all Steel Structural Members, the building is Simply Incredible & Essentially Termite-Proof! New Roof in 2016, Pre-wired for Solar Panel Installation and all Bedrooms are Master Bedrooms! Tiltco Premium Hurricane Rated, Triple Pane Windows and Doors are Beautiful and Eliminate ALL external noise and are HUGE Energy Savers! Centrally located Elevator serves both Units and the Former Bell Tower is PERFECT to catch all the Sunrises and Sunsets! 2.) 158 Read St. ~ 1 Bedroom/1 Bath Cottage with Attached Carport. New Kitchen and Bath in 2011 and is 616 sq. ft. 3.) 154 Read St. ~ 1 Bedroom/1 Bath Craftsman Style Home with Attached Carport. Last Updated by Previous Owner around 2005. Bonus Room could be used as a 2nd Bedroom. Heart Pine and Tile flooring throughout and is 780 sq. ft. 4.) 140 Read St. ~ 2 Bedroom/1 Bath Single Family Home with Detached Carport and Workshop. New Tile throughout in 2009 and home has 2 Bonus Rooms, a Screened Lanai and a Fenced-in Back Yard. This home is 1,340 sq. ft. 5.) 404 Canal St. ~ Fourplex ~ Four 1 Bedroom/1 Bath Apartments. 2 of the units have been partially Remodeled and a New Roof was put on within the last 4 Years. This Fourplex is 2,550 sq. ft. 6.) 125 W. Park St. ~ Triplex ~ One 2 Bedroom/1 Bath Apartment and Two 1 Bedroom/1 Bath Apartments. All 3 Units have been remodeled within the last 5 years & New Roof within the last 4 years. This Triplex is 1,728 sq. ft.

    • General Features
      • Additional Lease Restrictions Please verify Leasing Restrictions with the City of Tarpon Springs.
      • Additional Parcels Description 12-27-15-15228-000-0090,12-27-15-15228-000-0080,12-27-15-15228-000-0070,12-27-15-16902-000-0060,12-27-15-16902-000-0030
      • Additional Parcels YN 1
      • Additional Rooms Attic, Bonus Room, Den/Library/Office, Family Room, Inside Utility, Loft, Storage Rooms
      • Association Approval Required YN 0
      • County Or Parish Pinellas
      • Homestead Yn 1
      • New Construction Yn 0
      • Tax Annual Amount $24,339
      • Senior Community Yn 0
      • Special Listing Conditions None
      • Subdivision Name CHEYNEYS J K SUB
      • Year Built 1926
    • Building Features
      • Appliances Gas Water Heater, Range, Refrigerator
      • Attached Garage Yn 1
      • Full Bathrooms 15
      • Half Bathrooms 2
      • Building Elevator YN 1
      • Carport Yn 0
      • Construction Materials Block, Stucco
      • Cooling Central Air
      • Direction Faces West
      • Exterior Features Balcony, French Doors, Rain Gutters, Sidewalk, Sliding Doors
      • Fireplace Features Gas
      • Fireplace Yn 1
      • Flooring Other
      • Foundation Details Slab
      • Garage Dimensions 21X80
      • Garage Spaces 12
      • Garage YN 1
      • Heating Central, Electric
      • Interior Features Cathedral Ceiling(s), Elevator, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
      • Living Area 14055.00
      • Levels Two
      • Parking Features Oversized, Workshop in Garage
      • Patio And Porch Features Patio
      • Roof Tile
      • Room Count 4
      • Stories Total 3
      • Window Features ENERGY STAR Qualified Windows
    • Property Features
      • Lot Size Square Feet 87120
      • Pool Private Yn 0
      • View Water
      • Lot Features Historic District, Oversized Lot, Street Brick
      • Lot Size Acres 2
      • Water Access Yn 0
      • Water Body Name SPRING BAYOU
      • Water Extras Yn 0
      • Water View Bayou, Intracoastal Waterway
      • Water View Yn 1
      • Waterfront Feet Total 0
      • Waterfront Yn 0
    • Schools
      • Elementary School Tarpon Springs Elementary-PN
      • Middle Or Junior School Tarpon Springs Middle-PN
      • High School Tarpon Springs High-PN

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    Neighborhood

    34689 (TARPON SPRINGS) Demographics

    52 Median Age
    2,555 Population Density (per sq. mile)
    38% College Educated
    $44,064 Estimated Median Income
    7,623 Estimated Total Home Owners
    3,551 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    27,173 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $282,500 Median Sales Price
    40 Homes Sold
    47 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,900,000 -3.33%
        9/8/2020 8:51:59 PM Status Changed Source New Value: Active
        9/8/2020 10:51:52 AM Status Changed Source New Value: Pending
        8/12/2020 3:39:00 PM New in Database Source New Value: $3,000,000

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        Listing information provided in part by the IDX Program of My Florida Regional MLS DBA Stellar MLS. 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. Data last updated on 1/19/2021 3:14:34 AM.

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.