Two-Building Mixed-Use
For Sale
$450,000
221 N SCENIC Highway, Frostproof, FL 33843
Commercial Sale, FROSTPROOF, FL
Property Size4,680 SF
Lot Size0.26 Acres
Price / SF$96.15
Days on Market52
Property Features for 221 N SCENIC Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Security features
Security Lighting
Subdivision
FROSTPROOF IN US
Lot features
Central Business District, City Limits, Sidewalk, Street Lights, Paved
Directions
Headed South on Hwy 27, Turn East (only one way) onto St Rd 630 to traffic light (McDonalds), turn South (R) continue to property. Headed North on Hwy 27, at first traffic light in Polk County, turn NW onto Scenic Hwy and continue through city limits to property.
Standard status
Active
APN
28-31-32-968200-004012
Size
4,680 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FROSTPROOF IN U S LOT 1 PB 1 PG 41 BLK 4 LOT 1 LESS N 75 OF E 180 FT & LESS S 46.2 FT OF E 180 FT & LESS E 30 FT THEREOF FOR RD R/W
Tax Annual Amount
4981
Legal Description
FROSTPROOF IN U S LOT 1 PB 1 PG 41 BLK 4 LOT 1 LESS N 75 OF E 180 FT & LESS S 46.2 FT OF E 180 FT & LESS E 30 FT THEREOF FOR RD R/W
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Building materials
Block, Metal Frame
Additional Structures
Storage
Listing Agency:
ESTELLE SULLIVAN REALTY, LLC
Listed By:
Estelle Sullivan · License #348503
(863) 632-2062
Added: Aug 17
Changed: Sep 28
Last Checked: Oct 7 at 6:06AM
MLS# K4903702
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes two distinct buildings totaling 4,680 square feet on 0.26 acres. The front structure is a 2,700-square-foot concrete block building with 12-foot ceilings, an open area suitable for reception, boardroom, or additional office space, a 24-by-10-foot office, kitchenette, parts storage, utility closets, two bathrooms, and additional open workspace. A 1,980-square-foot steel building sits behind it, measuring 45 by 44 feet with 20-foot ceilings and two roll-up doors.
Located at 221 N Scenic Highway in Frostproof, the property is zoned GC and has public water, public sewer, connected electricity, and phone availability. Public parking is located in front along the State Road, while the closed alley provides additional space that may accommodate parking or other uses. Permitted use examples include banking, special-needs care, beauty shops, fitness operations, and medical offices.
Located at 221 N Scenic Highway in Frostproof, the property is zoned GC and has public water, public sewer, connected electricity, and phone availability. Public parking is located in front along the State Road, while the closed alley provides additional space that may accommodate parking or other uses. Permitted use examples include banking, special-needs care, beauty shops, fitness operations, and medical offices.
Key Highlights
- Two buildings totaling 4,680 square feet on 0.26 acres
- 2,700 SF concrete block building with 12 Ft ceilings
- 1,980 S. F. steel building measuring 45x44 with 20 Ft high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,176
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,520
$623.5K
Cap Rate 7%
$445,371
$445.4K
Cap Rate 9%
$346,400
$346.4K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$39.8K $8.50/SF
− Vacancy
−$3.1K −$0.66/SF
EGI
$36.7K $7.84/SF
− OpEx
−$5.5K −$1.18/SF
NOI
$31.2K $6.66/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$8.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,520
Cap Rate 7%
$445,371
Cap Rate 9%
$346,400
Alternative Uses
Best Use
Office B
$821.3K
$718.7K – $958.2K
NOI $57,494 @ 7.0% cap · market cap 12.78%
Second Best
Mixed Use
$752.9K
$658.8K – $878.4K
NOI $52,703 @ 7.0% cap · market cap 11.71%
Theoretical Best
Office A
$1.12M
$984.1K – $1.31M
NOI $78,725 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 33843, FL
11,864
Population
5,930
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
81%
High-School Grad
124.0 sq mi
ZIP Area
96
Density / Sq Mi
$51,358
Median Household Income
$28,857
Median Earnings
$864
Median Rent
$107,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning supports office, medical, fitness, banking, beauty, and special-needs-care uses.
Where is this mixed-use property located?
The property is located at 221 N SCENIC Highway Frostproof, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two buildings totaling 4,680 square feet on 0.26 acres; 2,700 SF concrete block building with 12 Ft ceilings; 1,980 S. F. steel building measuring 45x44 with 20 Ft high ceilings
