3324 Commerce Center Ln, Sebring, FL 33870

Property Details for 3324 Commerce Center Ln

Year built

2007

Lot size

1.41 lot acres

Property type

Office Spaces

Property subtype

Medical Office Space

Description

This 8,451 square foot Class B medical office building in Sebring, Florida, presents a compelling investment opportunity. Boasting a 7.54% cap rate and 100% occupancy with two tenants under NNN leases, the property offers strong cash flow. Recently renovated in 2023, upgrades include a new GE silicone roof with a 10-year warranty, fresh paint, two new 3.5-ton HVAC systems, landscaping, tinted windows, and a fully updated spa suite in April 2024. The 1.41-acre lot features 36 parking spaces (4.25/1,000 ratio) with multiple covered drop-off/pick-up areas. Strategically located in Sebring's medical district, near HCA Florida Highlands Hospital, US-27/US-98, and other medical facilities, this property benefits from high traffic counts (over 42,587 vehicles daily on US-27/US-98 and over 11,000 on Highlands Avenue). Built in 2007, the building is zoned C1 and offers easy access with multiple ingress/egress points. Its proximity to major MSAs (Tampa, Orlando, Miami) adds further appeal. The asking price is $1,215,000, with a price per square foot of $143.77 and a net operating income (NOI) of $91,575. The property's strong tenant base, recent renovations, and prime location make it an attractive investment.

Location Insight

City

Sebring

County

Highlands

State

Florida

Longitude

-81.436

Latitude

27.4685