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Historic Automotive Building on Corner

702 N Ridgewood Dr, Sebring, FL 33870

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For Sale

$689,000

High-visibility corner lot, operating as automotive body shop.

Type:Commercial

Property size:

5,300 SF

Lot size:

4.53 Acres

Price / SF:

$130/SF

HighLights

High‑visibility corner lot location, one block from Sebring Parkway.
5,300+ sq ft commercial building, formerly a Studebaker‑Packard dealership.
Includes 2.17 acres of vacant land, plus an additional 2.36‑acre parcel (843 Grapefruit Ave).
Equipped automotive body shop with Gray Manufacturing lift, Blackhawk frame machine, paint mixing room with fire suppression, and air compressors.
Updated roof (approximately 7 years old) and electrical (approximately 8 years ago).
Two 12x18 aluminum rolling doors for easy access.

We can help!

Listing Contact

Alexis R Seldin

Learn more

For Sale

$689,000

High-visibility corner lot, operating as automotive body shop.

Type:Commercial

Property size:

5,300 SF

Lot size:

4.53 Acres

Price / SF:

$130/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:17 pm

Property Features for 702 N Ridgewood Dr

General Information

Standard status: Active
Size: 5,300 SF
Lot size: 4.53 Acres
Property subtype: Commercial

Building Details

Year Built: 1949

We can help!

Listing Contact

Alexis R Seldin

Listing agent Alexis R Seldin License #3089350

Listing office Xcellence Realty

Listing date Apr 24, 2026

Source Elliman

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 Xcellence Realty

HighLights

High‑visibility corner lot location, one block from Sebring Parkway.
5,300+ sq ft commercial building, formerly a Studebaker‑Packard dealership.
Includes 2.17 acres of vacant land, plus an additional 2.36‑acre parcel (843 Grapefruit Ave).
Equipped automotive body shop with Gray Manufacturing lift, Blackhawk frame machine, paint mixing room with fire suppression, and air compressors.
Updated roof (approximately 7 years old) and electrical (approximately 8 years ago).
Two 12x18 aluminum rolling doors for easy access.

Overview

This historic commercial building is situated on a high-visibility corner lot on Ridgewood Drive, one block from Sebring Parkway, in the heart of Sebring. Currently operating as an automotive body shop, the property was formerly a Studebaker-Packard dealership. The building encompasses over 5,300 square feet and includes separate offices, a service counter, and ample storage space. The front office benefits from air conditioning, provided by a 2-ton AC unit. The shop is equipped with a Gray Manufacturing AL-90 9,000-lb two-post lift, a Blackhawk Power Pro-1000 frame machine, and a paint mixing room with fire suppression. It also includes two 250-gallon air compressors. Two 12x18 aluminum rolling doors facilitate easy access. The roof is approximately 7 years old, and the electrical system was updated 8 years ago. The property includes 2.17 acres of vacant land, plus an additional 2.36 acres at 843 Grapefruit Ave, offering exceptional potential. The location is very bikeable, with a bike score of 70, and somewhat walkable, with a walk score of 60.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$79.5k	$15.00
− Vacancy	−$8.3k	−$1.58
EGI	$71.2k	$13.43
− OpEx	−$21.3k	−$4.03
NOI	$49.8k	$9.40

5,300 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$711.5K

$622.6K – $830.1K (±1% cap)

NOI $49,807 @ 7.0% cap · market cap 7.23%

Second Best

Industrial

$452.2K

$395.7K – $527.6K (±1% cap)

NOI $31,654 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$1.10M

$964.8K – $1.29M (±1% cap)

NOI $77,185 @ 7.0% cap · market cap 11.20%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Jesse's Auto Body Auto Repair Shop Smart Start Ignition ... Building Supply

Suggested Use

Similar Places Nearby

Suliman Mobile Auto Repair — Sebring, FL 33870
Tolar Automotive — 339 N Ridgewood Dr, Sebring, FL 33870
Cobra Transmission Parts — 126 E Center Ave, Sebring, FL 33870
Sunroof Repair quality — 204 FL-17, Sebring, FL 33870
Sun Tech Auto Glass — 239 S Commerce Ave, Sebring, FL 33870

Location Insight

Map
Local Demand

City: Sebring
County: Highlands
State: Florida
Longitude: -81.4386055
Latitude: 27.502211

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For sale
Auto shops
FL
Sebring
33870
702 N Ridgewood Dr

What type of property is this?

Auto shop - High-visibility corner lot, operating as automotive body shop.

Where is this auto shop located?

The property is located at 702 N Ridgewood Dr Sebring, FL.

What is the asking price?

The asking price for this property is $689,000.

What are key features of this property?

This property features: High‑visibility corner lot location, one block from Sebring Parkway.; 5,300+ sq ft commercial building, formerly a Studebaker‑Packard dealership.; Includes 2.17 acres of vacant land, plus an additional 2.36‑acre parcel (843 Grapefruit Ave).