Property profile

1002 Hwy 17-92 Davenport, FL 33837

OFF-MARKET
Retail properties & Spaces
7.2 ac lot
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Property summary

AI-generated overview

This exceptional 7.2-acre commercial property in Davenport, Florida, presents a unique investment opportunity. Located at 1002 U.S. Hwy 17-92 N, this prime site boasts a highly desirable C-2 zoning designation, recently approved in 2023, reflecting the city's commitment to commercial growth. The property comprises three parcels and benefits from a significant 400-foot frontage on US Hwy 17-92 and over 600 feet of frontage along the soon-to-be-completed Power Line Road extension, creating a signalized, hard-corner intersection with exceptional visibility. Currently generating nearly $160,000 in annual rental income from five single-family homes and one warehouse, this property offers immediate cash flow while providing ample space for future development. The existing structures and open land provide flexibility for a variety of commercial ventures. This strategic location in Polk County, with its zip code 33837, offers unparalleled access and exposure to a growing market. The asking price is $1,999,999. This is a rare opportunity to acquire a substantial commercial property with immediate income and significant long-term potential in a thriving Florida community.

Property profile

Verified
Property type Retail properties & Spaces
Lot 7.2 ac (313,632 SF)

Cap rate & NOI

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

Location

1002 Hwy 17-92 Davenport, FL 33837
Davenport metro
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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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