Corner Bank Building For
For Sale
$899,900
695 N SCENIC HIGHWAY, Frostproof, FL 33843
1.4-acre corner lot with a 3,886 SF bank building.
Property Size3,886 SF
Lot Size1.40 Acres
Price / SF$231.57
Days on Market822
Property Features for 695 N SCENIC HIGHWAY
General Information
Standard status
Active
Size
3,886 SF
Lot size
1.40 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
ADVANTAGE REALTY 1
(863) 381-4932
Listed By:
Gregory Karlson · License #569759
(863) 381-4932
Source:
Exitrealty
Added: May 2, 2024
Changed: Jul 10
Last Checked: Jul 31 at 5:52AM
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 property features a 1.4-acre corner lot with a 3,886-square-foot bank building. Situated at the hard corner of N. Scenic Hwy/17 and CR 630, it is located across from a McDonald's. The site is suitable for various commercial uses, including a convenience store, another bank, or a CDB/pawn shop, potentially utilizing the existing vault. This property presents a rare opportunity in the growing rural towns on the Lake Wales Ridge of Florida.
Key Highlights
- Hard corner lot location at the intersection of N. Scenic Hwy/17 & CR 630.
- Includes an existing 3886+-SF bank building.
- High‑visibility location across from a McDonald's.
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 5.61%
Second Best
Retail
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$933.8K
$817.1K – $1.09M
NOI $65,369 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Home Improvements & Furnishings 19%
McDonald's
Dining
16,695 visits/mo
0.5 miles
Frostproof Ace Hardware
Home Improvements & Furnishings
3,851 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - 1.4-acre corner lot with a 3,886 SF bank building.
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 $899,900.
What are key features of this property?
This property features: Hard corner lot location at the intersection of N. Scenic Hwy/17 & CR 630.; Includes an existing 3886+-SF bank building.; High‑visibility location across from a McDonald's.
