1503 Lake Ave, Avon Park, FL 33825
This exceptional 12,000-square-foot industrial property in Avon Park, Florida, presents a compelling investment opportunity. Located at 1503 N Lake Ave, this Class B, single-story building boasts a prime location with convenient access to major transportation routes like Highway 27/SR64, facilitating efficient goods transportation. Built in 2004, the warehouse features 17-foot high ceilings, a 10x12-foot roll-up loading door, ample onsite parking, and durable concrete flooring suitable for heavy equipment. The property includes a well-appointed office area and benefits from a robust ventilation system and three-phase power. Currently operating as a multi-tenant income property, one tenant occupies the front office space, while another is vacating at the end of the month. The 0.93-acre lot is zoned I1, offering flexibility for various industrial uses, including distribution, manufacturing, and warehousing. The insulated building also features air conditioning, enhancing its functionality and appeal. This property is ideal for investors seeking a strong return on investment in a strategically located industrial asset. The asking price is $1,250,000, and the lease type is NNN.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.