Corner Retail Space with Kitchen
For Sale
$450,000
302 BROADWAY Boulevard SE, Polk City, FL 33868
Commercial Sale, POLK CITY, FL
Property Size3,025 SF
Lot Size0.31 Acres
Price / SF$148.76
Days on Market194
Property Features for 302 BROADWAY Boulevard SE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-3
Security features
Security System
Appliances
Refrigerator
Subdivision
POLK CITY
Lot features
Corner Lot
Directions
From Commonwealth (33) & Broadway (559) - turn (SOUTH) on Broadway, and property will be on the (RIGHT)
Standard status
Active
APN
25-26-33-296500-074030
Size
3,025 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
POLK CITY PB 24 PG 1 & 1A S28 29 32 33 & 34 T26 R25 BLK 74 LOT 3
Tax Annual Amount
4988
Legal Description
POLK CITY PB 24 PG 1 & 1A S28 29 32 33 & 34 T26 R25 BLK 74 LOT 3
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1989
Flooring type
Tile - Ceramic
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Michael Brenner · License #3069077
(863) 557-3300
Added: Mar 30
Changed: Oct 5
Last Checked: Oct 9 at 2:06PM
MLS# S5146161
Copyright © 2026 Stellar MLS. 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.
This 3,025-square-foot retail property occupies a 0.31-acre parcel in Polk City. The building was previously configured for restaurant use and retains some kitchen equipment, offering an existing foundation for food service or another retail-oriented operation. Ceramic tile flooring, central heating, and central air conditioning are in place, with a refrigerator included among the appliances.
The property sits at the corner of Broadway Boulevard SE and State Road 559, providing a prominent position within the local commercial area. Public sewer service and electricity are available. Constructed in 1989, the building also presents a triplex configuration, with three electric meter boxes already installed for potential separation into multiple commercial spaces.
The property sits at the corner of Broadway Boulevard SE and State Road 559, providing a prominent position within the local commercial area. Public sewer service and electricity are available. Constructed in 1989, the building also presents a triplex configuration, with three electric meter boxes already installed for potential separation into multiple commercial spaces.
Key Highlights
- 3,025 square feet on a 0.31‑acre parcel
- Corner position at Broadway Boulevard SE and State Road 559
- Previously configured as a restaurant with some kitchen equipment remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,329
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,580
$786.6K
Cap Rate 7%
$561,843
$561.8K
Cap Rate 9%
$436,989
$437.0K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$56.3K $18.60/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$52.4K $17.34/SF
− OpEx
−$13.1K −$4.33/SF
NOI
$39.3K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,580
Cap Rate 7%
$561,843
Cap Rate 9%
$436,989
Alternative Uses
Best Use
Specialty Retail
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$485.3K
$424.6K – $566.2K
NOI $33,971 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$726.9K
$636.1K – $848.1K
NOI $50,885 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 15%
Dining 15%
Circle K
Shops & Services
15,576 visits/mo
0.3 miles
Polk City Ace Hardware
Home Improvements & Furnishings
4,849 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,502 visits/mo
0.2 miles
Hungry Howie's Pizza
Dining
3,056 visits/mo
0.2 miles
Texaco Station
Shops & Services
1,905 visits/mo
0.5 miles
Demographics for 33868, FL
12,906
Population
5,197
Households
2.5
Avg Household Size
43
Median Age
18%
College-Educated
86%
High-School Grad
182.5 sq mi
ZIP Area
71
Density / Sq Mi
$74,048
Median Household Income
$40,658
Median Earnings
$1,092
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Former restaurant space with ceramic tile, central HVAC, and kitchen equipment remaining on site.
Where is this retail space located?
The property is located at 302 BROADWAY Boulevard SE Polk City, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,025 square feet on a 0.31‑acre parcel; Corner position at Broadway Boulevard SE and State Road 559; Previously configured as a restaurant with some kitchen equipment remaining
