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Property profile & analytics
OFF-MARKET Estimated value $575,000
Drive through restaurants

1603 3rd SW St Winter Haven, FL 33880-4317

2,532 SF 0.6 ac lot Built 1974
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-5311232
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1974
Total area 2,532 SF
Lot 0.6 ac (25,957 SF)
APN 262832646500000082
UPID US18-5311232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$508k
Blend (final) Blend
$575k
Owner & transaction history
Reynoso Dev LLC · 5 yrs held
Reynoso Dev LLC
since 2020
2 recorded transactions
2020
Price N/A
2004
$40,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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