Historic Two-Unit Mixed-Use
For Sale
Contact for pricing
356 3rd Street Northwest, Winter Haven, FL 33881
Commercially zoned property with two units, wide sidewalks, and angle parking in downtown Winter Haven.
Property Size5,044 SF
Price / SF$297.38
Days on Market50
Property Features for 356 3rd Street Northwest
General Information
Standard status
Active
Size
5,044 SF
Property subtype
Office, Retail
Occupancy
50%
Amenities
angle parking
wide sidewalks
Building Details
Year Built
1928
Buildings
1
Tenancy
Multi
Listing Agency:
Saunders Real Estate
Listed By:
R. Todd Dantzler, CCIM · License #BK3277972
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:32PM
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 Saunders Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property contains a 5,044-square-foot building divided into 2 units and dates to 1928. The commercial zoning supports a combination of retail and office/residential use, with the property currently at 50% occupancy.
The building is positioned in downtown Winter Haven between City Hall and Heartland Church, on the east side of 3rd Street. Wide sidewalks and angle parking contribute to the surrounding urban setting, while the two-unit configuration provides a straightforward framework for commercial or mixed-use occupancy.
The building is positioned in downtown Winter Haven between City Hall and Heartland Church, on the east side of 3rd Street. Wide sidewalks and angle parking contribute to the surrounding urban setting, while the two-unit configuration provides a straightforward framework for commercial or mixed-use occupancy.
Key Highlights
- 5,044‑square‑foot building with 2 units
- Dating to 1928
- Commercial zoning supports retail or office/residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,802
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,040
$1.1M
Cap Rate 7%
$811,457
$811.5K
Cap Rate 9%
$631,133
$631.1K
Market Conditions
NOI Build-Up for 5,044 SF
Gross rent
$99.9K $19.80/SF
− Vacancy
−$9.0K −$1.78/SF
EGI
$90.9K $18.02/SF
− OpEx
−$34.1K −$6.76/SF
NOI
$56.8K $11.26/SF
Area
Polk County, FL
Vacancy
9.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,040
Cap Rate 7%
$811,457
Cap Rate 9%
$631,133
Alternative Uses
Best Use
Mixed Use
$811.5K
$710.0K – $946.7K
NOI $56,802 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$809.2K
$708.1K – $944.1K
NOI $56,644 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,848 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
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Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with two units, wide sidewalks, and angle parking in downtown Winter Haven.
Where is this mixed-use property located?
The property is located at 356 3rd Street Northwest Winter Haven, 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: 5,044‑square‑foot building with 2 units; Dating to 1928; Commercial zoning supports retail or office/residential use
