Hard-Corner Bank Building
695 N Scenic Highway Frostproof, FL 33843
695 N Scenic Highway, Frostproof, FL, 33843
$799,900
For Sale
$799,900
COMMERCIAL - Frostproof, FL
Property Size3,886 SF
Lot Size1.40 Acres
Price / SF$205.84
Days on Market1048
Property Features for 695 N Scenic Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active
- APN
- 28-31-29-000000-021220
- Size
- 3,886 SF
- Lot size
- 1.40 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- BEG 50 FT S & 25 FT W OF NE COR OF US GOVT LOT 1 RUN WLY 250 FT SLY 250 FT ELY 250 FT NLY 250 FT TO POB LESS RD R/W & LESS ADDL R/W AS DESC IN OR 4701-877
- Tax Annual Amount
- 7918
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Architectural style
- Other
Listing Agency
ADVANTAGE REALTY #1
(863) 386-0303
743 US 27 S, Sebring, FL
Listed by
Gregory Karlson · License #3229372
(863) 381-4932
Added: Sep 5, 2023 Checked: Jul 18 at 12:06 am
MLS# 297577
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.
Investment Insights
Based on property information with market context.
The offering is a hard-corner commercial site on approximately 1.4+ acres, improved with an existing 3,886+ SF bank building. The premises include vault-related features, which may support uses where secured space is an operational requirement. The property is presented as a multi-use commercial parcel within an established retail setting.
The site is located on N. Scenic Highway/17 at the intersection with CR 630, directly across from McDonald’s. Its corner configuration provides prominent access points from both roads, supporting visibility for retail-oriented concepts and financial uses that benefit from straightforward customer traffic.
With C1 zoning, the property is positioned for tenant/owner-occupant or redevelopment scenarios such as a convenience store, another bank, or a CDB/pawn shop, particularly where the existing vault features can be leveraged. The combination of a ready-to-use bank structure and a high-visibility corner location makes this a practical fit for operators seeking an established commercial footprint rather than starting from ground-up construction.
The site is located on N. Scenic Highway/17 at the intersection with CR 630, directly across from McDonald’s. Its corner configuration provides prominent access points from both roads, supporting visibility for retail-oriented concepts and financial uses that benefit from straightforward customer traffic.
With C1 zoning, the property is positioned for tenant/owner-occupant or redevelopment scenarios such as a convenience store, another bank, or a CDB/pawn shop, particularly where the existing vault features can be leveraged. The combination of a ready-to-use bank structure and a high-visibility corner location makes this a practical fit for operators seeking an established commercial footprint rather than starting from ground-up construction.
Key Highlights
- Hard corner 1.4+ acre site at N Scenic Hwy/17 & CR 630
- 3886+ SF bank building on the property
- Vault mentioned as a feature for adaptable use
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 | $72.3k | $18.60 |
| − Vacancy | −$4.9k | −$1.26 |
| EGI | $67.4k | $17.34 |
| − OpEx | −$16.8k | −$4.33 |
| NOI | $50.5k | $13.00 |
3,886 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$721.8K
$631.5K – $842.1K
NOI $50,523 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$933.8K
$817.1K – $1.09M
NOI $65,369 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - C1-zoned corner site with an existing bank building and vault features, positioned across from a major quick-service tenant.
Where is this bank located?
The property is located at 695 N Scenic Highway Frostproof, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Hard corner 1.4+ acre site at N Scenic Hwy/17 & CR 630; 3886+ SF bank building on the property; Vault mentioned as a feature for adaptable use
