3324 Commerce Center Ln Sebring, FL 33870

Property Details for 3324 Commerce Center Ln

Year built

2007

Lot size

1.41 lot acres

Property size

8,451 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

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