Retail Redevelopment
For Sale
Contact for pricing
104 Us Highway 27 S, Avon Park, FL 33825
Multi-building retail property with an on-site apartment and an income-producing space currently rented by Bingo Parlor.
Property Size9,743 SF
Price / SF$0.13
Days on Market93
Property Features for 104 Us Highway 27 S
General Information
Standard status
Active
Size
9,743 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,690
Listing Agency:
ADVANTAGE REALTY 1
(863) 386-1111
Listed By:
Steve Smith · License #3629146
(865) 803-3045
Source:
Exprealty
Added: Jul 19
Changed: Oct 16
Last Checked: Oct 19 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADVANTAGE REALTY 1
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Investment Insights
Based on property information with market context.
This value-add retail property includes 5,670 square feet of retail space along with a secondary 3,198 square foot building that is currently rented by Bingo Parlor. The offering also includes an 875 square foot rental apartment on site. The property is presented as a self-storage redevelopment opportunity, with immediate income supported by the current rental arrangement.
The site includes Prime U.S. Highway 27 S frontage, providing direct commercial exposure along the highway. Call the listing agent to arrange a viewing.
The site includes Prime U.S. Highway 27 S frontage, providing direct commercial exposure along the highway. Call the listing agent to arrange a viewing.
Key Highlights
- Value‑add retail plus self‑storage redevelopment opportunity with prime US 27 frontage
- 5670 sq ft retail space
- Secondary 3198 sq ft building currently rented by Bingo Parlor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,560
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,200
$1.8M
Cap Rate 7%
$1,308,000
$1.3M
Cap Rate 9%
$1,017,333
$1.0M
Market Conditions
NOI Build-Up for 9,743 SF
Gross rent
$146.1K $15.00/SF
− Vacancy
−$15.3K −$1.58/SF
EGI
$130.8K $13.43/SF
− OpEx
−$39.2K −$4.03/SF
NOI
$91.6K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,200
Cap Rate 7%
$1,308,000
Cap Rate 9%
$1,017,333
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,560 @ 7.0% cap · market cap 7,324.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,889 @ 7.0% cap · market cap 11,351.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 21%
Home Improvements & Furnishings 3%
Electronics 1%
McDonald's
Dining
29,804 visits/mo
0.1 miles
Wendy's
Dining
13,229 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,199 visits/mo
0.2 miles
Burger King
Dining
11,927 visits/mo
0.2 miles
Checkers
Dining
11,827 visits/mo
0.2 miles
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-building retail property with an on-site apartment and an income-producing space currently rented by Bingo Parlor.
Where is this retail space located?
The property is located at 104 Us Highway 27 S Avon Park, FL.
What are key features of this property?
This property features: Value‑add retail plus self‑storage redevelopment opportunity with prime US 27 frontage; 5670 sq ft retail space; Secondary 3198 sq ft building currently rented by Bingo Parlor
