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Central Florida Industrial Buildings Opportunity

500 AVENUE R SW, Winter Haven, FL 33880

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For Sale

$3,500,000

Two industrial buildings totaling over 104,000 SF on 5.23+ acres.

Type:Industrial

Property size:

54,882 SF

Lot size:

5.23 Acres

Price / SF:

$63/SF

HighLights

Over 104,000 sq ft of industrial space on 5.23+ acres zoned Heavy Industrial in Central Florida.
Strategic location between Orlando and Tampa with immediate access to I‑4 and proximity to US‑17.
Located in Polk County, a key industrial corridor in the Southeastern U.S.
New Super Target development coming in 2026 immediately east of the property.
Power‑ready and high‑utility infrastructure suitable for various industrial applications.
Includes two buildings: Building A (54,882 SF, built in 1947 with additions) and another building built in 1926.

We can help!

Contact an agent

Marty Higgenbotham

Learn more

For Sale

$3,500,000

Two industrial buildings totaling over 104,000 SF on 5.23+ acres.

Type:Industrial

Property size:

54,882 SF

Lot size:

5.23 Acres

Price / SF:

$63/SF

Added:: Apr 24, 2026
Days on Market:: 65
Last Refresh:: Apr 24 at 4:02 pm

Property Features for 500 AVENUE R SW

General Information

Standard status: Active
Size: 54,882 SF
Lot size: 5.23 Acres
Property subtype: Industrial

Building Details

Year Built: 1926

We can help!

Contact an agent

Marty Higgenbotham

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Marty Higgenbotham

HighLights

Over 104,000 sq ft of industrial space on 5.23+ acres zoned Heavy Industrial in Central Florida.
Strategic location between Orlando and Tampa with immediate access to I‑4 and proximity to US‑17.
Located in Polk County, a key industrial corridor in the Southeastern U.S.
New Super Target development coming in 2026 immediately east of the property.
Power‑ready and high‑utility infrastructure suitable for various industrial applications.
Includes two buildings: Building A (54,882 SF, built in 1947 with additions) and another building built in 1926.

Overview

This property features two industrial buildings in Central Florida, totaling over 104,000 square feet on 5.23+ acres. Zoned for heavy industrial use, this property presents a rare opportunity in Central Florida's booming industrial market. The location is strategically positioned in Polk County, a key industrial corridor in the Southeastern U.S., minutes from I-4 and one block off US-17, between Orlando and Tampa. This location offers access and long-term potential for various industrial, commercial, and trade applications. A new Super Target is planned for 2026, located immediately east of the site along US-17, potentially placing this investment at the center of Winter Haven's next major retail and traffic hub. Building A, located at 650 Avenue R SW, has a total size of 54,882 square feet, with 42,830 square feet of functional space and was built in 1947 with additions. The property has a bike score of 48, indicating it is somewhat bikeable, and a walk score of 57, indicating it is somewhat walkable.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$408.3k	$7.44
− Vacancy	−$34.3k	−$0.62
EGI	$374.0k	$6.82
− OpEx	−$112.2k	−$2.04
NOI	$261.8k	$4.77

54,882 SF · lease $7.44/SF/yr · vacancy 8.40% · expense 30.00%

Alternative Uses

Best Use

Industrial

$3.74M

$3.27M – $4.36M (±1% cap)

NOI $261,816 @ 7.0% cap · market cap 7.48%

Second Best

—

no second resolved use

Theoretical Best

Office A

$13.19M

$11.54M – $15.39M (±1% cap)

NOI $923,203 @ 7.0% cap · market cap 26.38%

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

Location Intelligence

Current Use by Public Records

W G Roe ... Professional Services

Suggested Use

Location Insight

Map
Local Demand

City: Winter Haven
County: Polk
State: Florida
Longitude: -81.7341327
Latitude: 28.0031764

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For sale
Industrial properties
FL
Winter Haven
33880
500 AVENUE R SW

What type of property is this?

Industrial property - Two industrial buildings totaling over 104,000 SF on 5.23+ acres.

Where is this industrial property located?

The property is located at 500 AVENUE R SW Winter Haven, FL.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Over 104,000 sq ft of industrial space on 5.23+ acres zoned Heavy Industrial in Central Florida.; Strategic location between Orlando and Tampa with immediate access to I‑4 and proximity to US‑17.; Located in Polk County, a key industrial corridor in the Southeastern U.S.