549 Bridgers AveAuburndale, FL 33823

Property Details for 549 Bridgers Ave

Year built

2009

Lot size

0.71 AC

Property size (Sq ft)

5,244 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

252812338200000883

APU

252812338200000883

Description

This prime Auburndale, FL retail property at 549 E Bridgers Avenue presents a compelling investment opportunity. The 5,244 square foot building sits on a 0.71-acre lot and boasts a strong, current tenant with a long-term lease. The property generates a substantial monthly net income of $6,700, with a built-in 7% rent increase scheduled in two years, resulting in a projected monthly income of $7,169. The tenant operates a fuel supply business, featuring six pumps – four for regular fuel and two dedicated to diesel for semi-trucks. This ensures a consistent revenue stream, further enhanced by a remaining six-year fuel supply agreement. The property's location off Highway 92 in a rapidly growing market guarantees high traffic volume and strong long-term potential. This is an exceptional chance to acquire a stable, high-return investment in a thriving commercial area. The asking price is $2,000,000. This property offers a rare combination of secure income, a desirable location, and significant future growth prospects. Don't miss this chance to secure a profitable addition to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,252,978

  6.5%

  $2,079,672

  7%

  $1,931,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,709,090

  Geo Method

  $2,075,133

• Alternative Use

  Use

  Valuation

  Residential

  $1,754,281

  Hospitality

  $1,606,912

  Educational

  $1,336,932

  Medical

  $1,382,911

  Retail

  $2,079,672

Location Insight

City

Auburndale

County

Polk

State

Florida

Latitude

28.0641

Longitude

-81.7738

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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