3341 U S Highway 27 Sebring, FL 33870
- Retail space
- 3,440 SF
- 1.38 lot acres
Current Use by Public Records
- Retail space
Property Details for 3341 U S Highway 27
- Year built
- 1991
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.38 lot acres
- Property size
- 3,440 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- S-05-35-29-A00-0031-0000
- APU
- S053529A0000310000
Description
This exceptional mixed-use property, located at 3341 US Highway 27 S in Sebring, Florida, presents a compelling investment opportunity. The 5,156 square foot building features a prime retail space exceeding 4,000 square feet, complete with a convenient drive-thru. Situated on a 1.38-acre lot, this property boasts unparalleled visibility and accessibility, benefiting from its strategic location alongside established businesses such as Dairy Queen, Captain D's, Arby's, and WaWa. The high-traffic location on US Highway 27 sees an average daily traffic count of 31,000 vehicles, ensuring significant exposure for any business operating within the space. The existing building offers immediate income potential, with the possibility of leasing for up to $46 per square foot. However, the property also presents substantial upside potential. The current structure can be expanded, and modernized with updated parapets, to accommodate additional tenants or a larger single tenant. This allows for long-term profit generation through leasing, followed by a sale once depreciation has been fully realized. This property is ideal for investors seeking a strong return on investment in a high-demand location. The combination of existing income potential and significant expansion opportunities makes this a truly unique and attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $690,000
- 6.5%
- $605,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $590,000
- Geo Method
- $650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $620,000
- Mixed-Use
- $710,000
- Hospitality
- $605,000
- Educational
- $570,000
- Residential Income
- $720,000
- Energy
- $625,000
- Income-Based Land
- $730,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4398
- Latitude
- 27.4681
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA
