695 N Scenic Highway Frostproof, FL 33843
COMMERCIAL - Frostproof, FL
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 agent Gregory Karlson License #3229372 (863) 381-4932
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Sep 5, 2023
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Investment Insights
Based on property information with market context.
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 |
