Entity Owned Property summary
This exceptional investment opportunity presents a 5,000-square-foot auto shop situated on a one-acre lot in Bartow, Florida. The property, located at 1505 E Hooker St, 33830, boasts a modern, meticulously maintained metal insulated building constructed in 2009. The single-story structure features seven bays, an air-conditioned office space, three car lifts, and includes two tow trucks. The building is fully fenced and sits on a corner lot providing high visibility and excellent access from South Holland Pkwy (Hwy 17), ideal for large vehicle access. The property is zoned C3, offering versatility for various uses. The building's interior is in great condition, and the paved parking lot provides ample space. Currently, the property houses an established light-duty tow company with a contract for towing services within Polk County's city limits, including impounding and removal of vehicles. While the business is available for separate purchase, the real estate presents a strong standalone investment opportunity. The asking price is $1,399,000. The property is ready for occupancy on October 24, 2024.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-3 highway business district is intended to apply to arterial streets and traffic ways where business establishments primarily not of a neighborhood or community service type, may properly be located to serve large…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Bartow, FLThe C-3 highway business district is intended to apply to arterial streets and traffic ways where business establishments primarily not of a neighborhood or community service type, may properly be located to serve large…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-3 highway business district is intended to apply to arterial streets and traffic ways where business establishments primarily not of a neighborhood or community service type, may properly be located to serve large…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Bartow, FL.
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