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    695 Scenic Hwy Frostproof, FL 33843

    For Sale
    $999,900

    High-traffic corner lot, bank building included.

    Property size:
    3,886 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Frostproof, Florida. Located on a hard corner at the intersection of N. Scenic Highway (Highway 17) and County Road 630, this 1.4-acre lot boasts high visibility and accessibility. The property includes a substantial 3,886 square foot bank building, complete with a secure vault, offering significant potential for a variety of commercial uses. Its strategic location directly across from a McDonald's ensures consistent high traffic flow, making it ideal for businesses seeking maximum exposure. The existing building's features, including the vault, are particularly well-suited for businesses such as convenience stores, other financial institutions, check-cashing businesses, or pawn shops. This rare opportunity to acquire a well-positioned commercial property in a growing area on Florida's Lake Wales Ridge is not to be missed. The property's size and location offer significant potential for future development and expansion, catering to the needs of a burgeoning community. Don't miss this chance to secure a prime commercial asset in a rapidly developing market. The property is priced at $999,900.

    Property Features for 695 Scenic Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,886 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frostproof
    County
    Polk
    State
    Florida
    Longitude
    -81.53102
    Latitude
    27.75533

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner lot, bank building included.
    Where is this mixed-use property located?
    The property is located at 695 Scenic Hwy Frostproof, FL.
    What is the asking price?
    The asking price for this property is $999,900.
    (863) 386-1111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    695 Scenic Hwy Frostproof, FL 33843
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