Downtown Sebring Commercial
408 N Ridgewood Drive, Sebring, FL 33870
- Added:
- May 11, 2026
- Days on Market:
- 19
- Last Refresh:
- May 29 at 11:06 am
Property Features for 408 N Ridgewood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Interior features
- Handicap Facilities, Private Restrooms
- Exterior features
- Aluminum Siding, Fenced, Stucco
- Fencing
- Fenced
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- S-29-34-29-070-0340-0031
- Size
- 5,440 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN NW COR OF LOT 3 + E 15 FT OF W 165 FT OF LOT 3 BLK 34
- Tax Annual Amount
- 4950
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1979
- Flooring type
- Concrete, Tile, Vinyl
- Building materials
- Concrete Block, Metal, Steel Or Other Metal
- Roof type
- Metal
Listing agent Kenneth Oxsalida (863) 272-2396
Listing office Paradise Real Estate International LLC 3200 US Highway 27 S Suit 102, Sebring, FL (863) 272-7540
Listing date May 11, 2026
MLS# 325286
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.
HighLights
- Prime downtown location in Sebring, near restaurants, boutiques, and community events, with high foot traffic.
- Rare commercial portfolio with three buildings and a vacant lot, offering diverse income potential and redevelopment options.
- Main commercial building features a flexible, open‑concept layout suitable for various businesses, including retail, office, or restaurant.
- Includes a two‑unit residential building with 1‑bedroom, 1‑bath units, providing rental income or live/work possibilities.
- Features a 1,500 sq ft warehouse and fenced lot, ideal for parking, storage, or outdoor event space.
- New metal roof installed in 2026, adding long‑term value and peace of mind.
Overview
This commercial portfolio is located in downtown Sebring and includes three buildings plus a fully fenced vacant lot totaling nearly 0.38 acres. The property is situated three blocks from Downtown Sebring, surrounded by local restaurants, boutiques, breweries, community events, and foot traffic. The main commercial building at 408 Ridgewood offers over 3,000 square feet of air-conditioned, open-concept space suitable for retail, showroom, office, studio, fitness, restaurant concepts, event space, or creative redevelopment. It features two private bathrooms, a private office, a large storage area, and a drop ceiling. A new metal roof was installed in 2026. Behind the main structure is a two-unit residential building, each unit configured as a private 1-bedroom, 1-bath layout with separate rear road access, providing potential for rental income, employee housing, short-term rentals, or a live/work arrangement. Also included is 328 Lime Street, featuring approximately 1,500 square feet of warehouse space and a fully fenced lot previously used as a nursery. The outdoor area is ideal for additional parking, storage, courtyard conversion, outdoor event space, or garden center operations. The property offers built-in income potential, strong neighboring businesses, seasonal event exposure, and redevelopment flexibility.
Local Financial Insights For 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 | $81.6k | $15.00 |
| − Vacancy | −$8.6k | −$1.58 |
| EGI | $73.0k | $13.43 |
| − OpEx | −$21.9k | −$4.03 |
| NOI | $51.1k | $9.40 |
5,440 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$701.9K
$614.1K – $818.9K
NOI $49,131 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.13M
$990.3K – $1.32M
NOI $79,224 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4395897
- Latitude
- 27.4990147
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime commercial portfolio in downtown Sebring with redevelopment potential.
Where is this mixed-use property located?
The property is located at 408 N Ridgewood Drive Sebring, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime downtown location in Sebring, near restaurants, boutiques, and community events, with high foot traffic.; Rare commercial portfolio with three buildings and a vacant lot, offering diverse income potential and redevelopment options.; Main commercial building features a flexible, open‑concept layout suitable for various businesses, including retail, office, or restaurant.
