Corner Bank Building For Sale

695 N SCENIC HIGHWAY, Frostproof, FL 33843

View on Map

For Sale

$899,900

1.4-acre corner lot with a 3,886 SF bank building.

Type:Commercial/Industrial

Property size:

3,886 SF

Lot size:

1.40 Acres

Price / SF:

$231/SF

HighLights

Hard corner lot location at the intersection of N. Scenic Hwy/17 & CR 630.
Includes an existing 3886+-SF bank building.
High‑visibility location across from a McDonald's.
Ideal site for various commercial uses (C‑Store, bank, CDB/Pawn Shop).
Includes a vault, suitable for a bank or similar business.
Located in a growing rural town on the Lake Wales Ridge of Florida.

We can help!

Listing Contact

Gregory Karlson

For Sale

$899,900

1.4-acre corner lot with a 3,886 SF bank building.

Type:Commercial/Industrial

Property size:

3,886 SF

Lot size:

1.40 Acres

Price / SF:

$231/SF

Added:: May 1, 2024
Days on Market:: 778
Last Refresh:: May 19 at 11:35 pm

Property Features for 695 N SCENIC HIGHWAY

General Information

Standard status: Active
Size: 3,886 SF
Lot size: 1.40 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1980

We can help!

Listing Contact

Gregory Karlson

Listing agent Gregory Karlson License #569759

Listing office ADVANTAGE REALTY 1

Listing date May 1, 2024

Source Exitrealty

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

HighLights

Hard corner lot location at the intersection of N. Scenic Hwy/17 & CR 630.
Includes an existing 3886+-SF bank building.
High‑visibility location across from a McDonald's.
Ideal site for various commercial uses (C‑Store, bank, CDB/Pawn Shop).
Includes a vault, suitable for a bank or similar business.
Located in a growing rural town on the Lake Wales Ridge of Florida.

Overview

This property features a 1.4-acre corner lot with a 3,886-square-foot bank building. Situated at the hard corner of N. Scenic Hwy/17 and CR 630, it is located across from a McDonald's. The site is suitable for various commercial uses, including a convenience store, another bank, or a CDB/pawn shop, potentially utilizing the existing vault. This property presents a rare opportunity in the growing rural towns on the Lake Wales Ridge of Florida.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.3k	$18.60
− Vacancy	−$4.9k	−$1.26
EGI	$67.4k	$17.34
− OpEx	−$16.8k	−$4.33
NOI	$50.5k	$13.00

3,886 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$721.8K

$631.5K – $842.1K (±1% cap)

NOI $50,523 @ 7.0% cap · market cap 5.61%

Second Best

Retail

$623.4K

$545.5K – $727.3K (±1% cap)

NOI $43,640 @ 7.0% cap · market cap 4.85%

Theoretical Best

Office A

$933.8K

$817.1K – $1.09M (±1% cap)

NOI $65,369 @ 7.0% cap · market cap 7.26%

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

Property Profile Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Frostproof
County: Polk
State: Florida
Longitude: -81.5311
Latitude: 27.7553

Nearby Similar for Sale

$385,000

3,200 SF

Commercial Building with Leased Units

Commercial building with two leased units and highway frontage.

205 N SCENIC HIGHWAY, FROSTPROOF, FL 33843

View Details
$375,000

3,130 SF

Versatile Commercial Property in Frostproof

Income-producing property with established tenants and redevelopment potential.

207 N SCENIC HIGHWAY, FROSTPROOF, FL 33843

View Details
$275,000

838 SF

Downtown Frostproof Building with Potential

Charming building in downtown Frostproof with versatile zoning.

225 N SCENIC HIGHWAY, FROSTPROOF, FL 33843

View Details
$1,424,999

5,908 SF

Income-Generating Multi-Unit Property

Rare multi-unit property on nearly 4 acres in Frostproof.

701 KEEN ROAD, FROSTPROOF, FL 33843

View Details
$250,000

3,512 SF

Commercial Income Opportunity

Partially rented commercial property with great exposure and multiple units.

215 N SCENIC HIGHWAY, FROSTPROOF, FL 33843

View Details
$119,900

2,000 SF

Historic Office Building in Frostproof

Historic office building in downtown Frostproof with commercial/industrial land use.

22 E WALL St, Frostproof, FL 33843

View Details
$225,000

9.66 Acres on Hopson Road

9.66 acres of land in a rural setting.

0 HOPSON ROAD, FROSTPROOF, FL 33843

View Details
$80,000

Move-In Ready RV Lot

Residential RV lot in Lily Lake Golf & RV Resort.

450 PINE LOOP, FROSTPROOF, FL 33843

View Details
$359,999

2,128 SF

Secluded Farm with Solar Home

Private 5-acre farm near Disney and LEGOLAND Florida.

41 Ferguson Lane, Frostproof, FL 33843

View Details
$375,000

3,130 SF

Mixed-Use Retail/Office Property

Two leased suites with a hair salon and daycare, plus ample parking and a fenced outdoor play area.

207 N Scenic Highway Unit 207 & 21, Frostproof, FL 33843

View Details
$19,500

River Ranch Camping Property

Camping property in River Ranch, Frostproof, Florida.

Hwy 630e, Frostproof, FL 33843

View Details
Contact for pricing
53,400 SF

Frostproof Industrial Facility For Sale

53,400 SF industrial facility with warehouse and office space.

780 S Scenic Hwy, Frostproof, FL 33843

View Details

For sale
Banks
FL
Frostproof
33843
695 N SCENIC HIGHWAY

What type of property is this?

Bank - 1.4-acre corner lot with a 3,886 SF bank building.

Where is this bank located?

The property is located at 695 N SCENIC HIGHWAY Frostproof, FL.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Hard corner lot location at the intersection of N. Scenic Hwy/17 & CR 630.; Includes an existing 3886+-SF bank building.; High‑visibility location across from a McDonald's.