Mixed-Use Office and Retail
New
For Sale
$1,500,000
2523 US Hwy 27 S, Avon Park, FL 33825
Commercial, Two Story, Avon Park, FL
Property Size11,122 SF
Lot Size1.30 Acres
Price / SF$134.87
Days on Market3
Property Features for 2523 US Hwy 27 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Directions
US 27 & Hammock Rd north to property on right after Lake Glenada RV Resort.
Standard status
Active
APN
C-03-34-28-010-00C0-0860
Size
11,122 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MAXCY PARKWAY SUB PB 4-PG 72 LOTS 86-87-88-89 BLK C -HERON BAY CENTER-
Tax Annual Amount
6312
Legal Description
MAXCY PARKWAY SUB PB 4-PG 72 LOTS 86-87-88-89 BLK C -HERON BAY CENTER-
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1985
Floors in Building
2
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Gregory Karlson
(863) 381-4932
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 23 at 3:06PM
MLS# 328753
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 11,122 square feet of office and retail space across approximately 12 separately identified suites. The 1.3-acre site is zoned B3, and the building dates to 1985. Central heating and air conditioning serve the property, which is connected to public sewer. Existing rental income is in place, with additional space available for leasing or owner occupancy.
The center fronts US Highway 27 in Avon Park and has views of Lake Glenada. South Florida State College is across the lake, and Lake Glenada RV Resort, which has 250 spaces, is adjacent to the property.
The center fronts US Highway 27 in Avon Park and has views of Lake Glenada. South Florida State College is across the lake, and Lake Glenada RV Resort, which has 250 spaces, is adjacent to the property.
Key Highlights
- 11,122‑square‑foot, two‑story office and retail property
- Approximately 12 separately identified commercial suites
- 1.3‑acre site zoned B3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,211
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,220
$2.3M
Cap Rate 7%
$1,617,300
$1.6M
Cap Rate 9%
$1,257,900
$1.3M
Market Conditions
NOI Build-Up for 11,122 SF
Gross rent
$193.5K $17.40/SF
− Vacancy
−$42.6K −$3.83/SF
EGI
$150.9K $13.57/SF
− OpEx
−$37.7K −$3.39/SF
NOI
$113.2K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,220
Cap Rate 7%
$1,617,300
Cap Rate 9%
$1,257,900
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,211 @ 7.0% cap · market cap 7.55%
Second Best
Retail
$1.49M
$1.31M – $1.74M
NOI $104,519 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,972 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - About 12 suites occupy a two-level property with current rental income and room for additional leasing.
Where is this mixed-use property located?
The property is located at 2523 US Hwy 27 S Avon Park, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,122‑square‑foot, two‑story office and retail property; Approximately 12 separately identified commercial suites; 1.3‑acre site zoned B3
