Property profile

601 Avenue B Winter Haven, FL 33881

OFF-MARKET
Retail properties & Spaces
3,796 SF 0.1 ac lot Built 1949
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-building, multifamily property located at 601 Avenue B NW, Winter Haven, Florida, 33881. The property, situated on a 0.1-acre lot (APN 262829628000000010), boasts a total of 3,796 square feet of net rentable space, spread across two stories. Built in 1949 and extensively renovated in 2018, this Class C property offers three units and is zoned BR, allowing for versatile usage. Currently configured as a high-end spa, the property's prime downtown location at the intersection of Avenue B NW, Pope Avenue, and 6th Street NW (Highway 17) ensures exceptional visibility and accessibility. The asking price is $699,000, translating to $184.14 per square foot. This represents a compelling opportunity for investors seeking a well-maintained, multi-use property in a thriving downtown area. The property's recent renovations and strategic location combine to offer significant potential for strong rental income and future appreciation. This is a rare chance to acquire a well-positioned asset in the heart of Winter Haven's bustling commercial district. The property's history and recent upgrades create a unique blend of classic charm and modern functionality, making it an attractive investment for discerning buyers.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1949
Total area 3,796 SF
Lot 0.1 ac (4,356 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

601 Avenue B Winter Haven, FL 33881
Winter Haven metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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