Retail Redevelopment
104 Us Highway 27 S Avon Park, FL 33825
104 Us Highway 27 S, Avon Park, FL, 33825
$1,200,000
For Sale
$1,200,000
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$123.17
Days on Market36
Property Features for 104 Us Highway 27 S
General Information
- Standard status
- Active
- Size
- 9,743 SF
Listing agency
ADVANTAGE REALTY 1
(865) 803-3045
Listed by
Steve Smith
(865) 803-3045
Source
Exprealty
Added: Jun 16 Updated: Jul 20 at 4:44AM Checked: Jul 20 at 4:44AM
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
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
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 | $146.1k | $15.00 |
| − Vacancy | −$15.3k | −$1.58 |
| EGI | $130.8k | $13.43 |
| − OpEx | −$39.2k | −$4.03 |
| NOI | $91.6k | $9.40 |
9,743 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,560 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,889 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 is the asking price?
The asking price for this property is $1,200,000.
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
