1659 Us Highway 27 Avon Park, FL 33825
This exceptional Class A, 4,020 square foot medical office building is situated on a 0.75-acre lot in Avon Park, Florida, at the hard corner of US Highway 27 and Stryker Road. Built in 2018, this single-story building features a vacant 2,345 square foot suite ready for build-out, and an adjacent 1,675 square foot suite currently occupied by a tenant. The property boasts a combined average daily traffic count of 35,700 vehicles, ensuring high visibility and accessibility. The building is zoned C2 and offers ample parking. The sale includes the south half of the building (Suite 101), with the north half (Suite 102) retained by the current owner in a separate ownership structure, sharing common area maintenance. A planned unit development will be created to define common area rights, including parking and maintenance of the shared retention pond. A non-compete clause with the existing tenant (Millennium Group Family Practice) will be required. The property features central air and electric heating, concrete and linoleum flooring, a metal roof, and casement windows. Public utilities, including water, sewer, and phone, are connected. The annual property tax in 2021 was $13,209.45. This presents a unique opportunity to establish a thriving medical practice in a rapidly growing area, benefiting from the existing tenant's referral network and high visibility location. The asking price is $859,900, with a price per square foot of $213.91.
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.