Property summary
This exceptional mixed-use property in downtown Sebring, Florida, presents a compelling investment opportunity. Located at 241 S Commerce Ave, this portfolio comprises six buildings totaling 8,166 square feet, constructed between 1949 and 1979. The property features 19 units: 15 residential apartments (13 one-bedroom/one-bath, 2 two-bedroom/one-bath) and four retail spaces. Currently, a tattoo parlor and massage spa occupy two retail spaces; two additional 2,400 square foot spaces are vacant,… offering potential for conversion to residential or commercial use, increasing income potential. Recent upgrades include new roofs (2020) on two buildings and several HVAC unit replacements. The private parking lot was resurfaced in August 2022. Each unit has separate electric and water meters, and the property utilizes city sewer and water. A central courtyard with BBQ grills, patio tables, new outdoor umbrellas, and mature landscaping enhances the property's appeal. An on-site coin laundry (requiring some repairs) adds convenience. The property benefits from its prime location near the Highlands County Courthouse, government center, shops, restaurants, and fairgrounds, enjoying high foot and vehicle traffic. Sebring's central location in Highlands County (population nearly 11,000), 1.5 hours from Tampa and Orlando, and four hours from Miami, adds to its desirability. The property boasts a strong financial performance, generating a gross income of $183,900 and annual operating expenses of $36,413, resulting in a net operating income (NOI) of $147,487. With a 7.8% cap rate and an asking price of $1,900,000, this well-maintained property offers a rare chance to acquire a significant asset in a thriving downtown area. The property is zoned for commercial and multi-family use.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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