1603 3Rd St Winter Haven, FL 33880
- Drive through restaurants
- 2,532 SF
- 0.60 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 1603 3Rd St
- Year built
- 1974
- Lot size
- 0.60 lot acres
- Property size
- 2,532 SF
- Property type
- Drive through restaurants
- APN
- 262832646500000082
- APU
- 262832646500000082
Description
This exceptional Class A shopping center presents a compelling redevelopment opportunity in the thriving Winter Haven, Florida market. Located at 1603 3rd St SW, this 3,800 square foot property sits on a 0.65-acre lot (APN: 32-28-26-646500-000082) and offers fee simple ownership. The single-story building, slated for completion in late 2025, boasts three units and is zoned for commercial use. With a total square footage of 3,800 net rentable square feet, the asking price is $2,800,000, translating to $736.84 per square foot. Its strategic location near Highway 17, just past Cypress Gardens Boulevard and adjacent to AutoZone, ensures high visibility and accessibility. The property's design lends itself to various retail uses, including the potential for a quick-service restaurant with a drive-thru, capitalizing on the high traffic volume in this established commercial corridor. This is an ideal investment for developers seeking a prime location with strong growth potential in a bustling Florida market. The property is situated in Polk County, Florida, zip code 33880. This is a rare opportunity to acquire a brand-new, strategically located retail center in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $480,000
- 6.5%
- $440,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $375,000
- Mixed-Use
- $495,000
- Hospitality
- $390,000
- Educational
- $435,000
- Residential Income
- $495,000
- Energy
- $395,000
- Income-Based Land
- $440,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Winter Haven
- County
- Polk
- State
- Florida
- Longitude
- -81.7313
- Latitude
- 28.006
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA