1499 N Lake Avenue Avon Park, FL 33825
COMMERCIAL - Avon Park, FL
- Added:
- Apr 20, 2026
- Days on Market:
- 86
- Last Refresh:
- Jul 14 at 7:06 am
Property Features for 1499 N Lake Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active
- APN
- A-15-33-28-011-0040-0000
- Size
- 2,080 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- THE MANORS UNREC SURVEY TRACT 4 CIRCLE K
- Tax Annual Amount
- 2754
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Flooring type
- Terrazzo
- Building materials
- Concrete Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ann Wilson (954) 829-8320
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Apr 20, 2026
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The expansive paved lot provides dedicated space that can accommodate large vehicles. The building’s interior is described as open, offering room for renovation or customization for a range of commercial applications.
Previously operated as a local convenience store, the layout and included equipment are intended to support an expedited setup for the next owner. The seller offers this property as a blank-canvas option with the ability to retrofit the interior to fit the buyer’s intended concept.
Key Highlights
- 2,080 SF stand‑alone commercial building on a 0.35‑acre paved corner lot
- Highly accessible paved corner location with open interior space for retail, office, service, or dining use
- Former convenience store; sale includes existing equipment, land, and building
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $14.04 |
| − Vacancy | −$2.0k | −$0.95 |
| EGI | $27.2k | $13.09 |
| − OpEx | −$6.8k | −$3.27 |
| NOI | $20.4k | $9.81 |
