Drive-Through Restaurant with Renovation
1520 LAKEVIEW DRIVE Sebring, FL 33870
1520 LAKEVIEW DRIVE, Sebring, FL, 33870
$625,000
For Sale
$625,000
Standalone restaurant building with drive-through capability and blueprints available for buildout.
Property Size3,164 SF
Lot Size0.83 Acres
Price / SF$197.53
Days on Market35
Property Features for 1520 LAKEVIEW DRIVE
General Information
- Standard status
- Active
- Size
- 3,164 SF
- Lot size
- 0.83 Acres
- Property subtype
- Restaurant
Building Details
- Year Built
- 1989
Listing agency
ADVANTAGE REALTY 1
(863) 386-1111
Listed by
Susan Geitner · License #3050844
Source
Endlesssummerrealty
Added: Jun 17 Updated: Jul 21 at 2:01AM Checked: Jul 21 at 3:30AM
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 standalone drive-through restaurant property was formerly a Hardees and later operated as Jimmy the Greeks. The current owner began renovations and the building is partially gutted, stripped down to studs. Blueprint plans are available for buyer buildout.
Located in downtown Sebring, the site sits on approximately 0.83 acres and offers drive-through capability. Public remarks also note an estimated seating capacity of about 120 people inside, with room for patio expansion outside. The property is described as being close to the downtown Sebring circle, with AADT noted at 16,100.
With the existing renovation work and available plans, this building is positioned for a restaurant concept looking to complete the interior buildout and finalize the exterior dining arrangement.
Located in downtown Sebring, the site sits on approximately 0.83 acres and offers drive-through capability. Public remarks also note an estimated seating capacity of about 120 people inside, with room for patio expansion outside. The property is described as being close to the downtown Sebring circle, with AADT noted at 16,100.
With the existing renovation work and available plans, this building is positioned for a restaurant concept looking to complete the interior buildout and finalize the exterior dining arrangement.
Key Highlights
- Standalone restaurant building built in 1989, located in downtown Sebring.
- Drive‑through capability on a 0.83‑acre property.
- Interior seating capacity estimated at 120 people, with room for patio expansion.
Local Financial Insights For Specialty 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 | $44.4k | $14.04 |
| − Vacancy | −$3.0k | −$0.95 |
| EGI | $41.4k | $13.09 |
| − OpEx | −$10.4k | −$3.27 |
| NOI | $31.1k | $9.81 |
3,164 SF · lease $14.04/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.6K
$388.1K – $517.5K
NOI $31,051 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.3K
$576.0K – $768.0K
NOI $46,078 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Standalone restaurant building with drive-through capability and blueprints available for buildout.
Where is this drive through restaurant located?
The property is located at 1520 LAKEVIEW DRIVE Sebring, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Standalone restaurant building built in 1989, located in downtown Sebring.; Drive‑through capability on a 0.83‑acre property.; Interior seating capacity estimated at 120 people, with room for patio expansion.
