195 Main St Bartow, FL 33830-4630
- Turn key restaurants
- 2,520 SF
- 0.06 lot acres
Current Use by Public Records
- Hacienda Mexico / Mexican Restaurant / Latin American Restaurant
Property Details for 195 Main St
- Year built
- 1900
- Lot size
- 0.06 lot acres
- Property size
- 2,520 SF
- Property type
- Turn key restaurants
- APN
- 253005384100016011
- APU
- 253005384100016011
Description
This exceptional 2,520 square foot commercial property in Bartow, Florida, is offered at $950,000. Located on a 0.06-acre corner lot at 195 E Main St (APN 25-30-05-384100-016011), this two-story building boasts a prime downtown location, steps from shops and county offices, ensuring high foot traffic. Currently configured as a restaurant with upstairs office space, the property offers significant potential. The building, renovated in 2012, features a desirable net lease investment opportunity with a 5.79% cap rate and a $55,000 net operating income (NOI). The price per square foot is $376.98. The upper level, currently used as office space, could be easily converted into residential units. The property's zoning is commercial, allowing for a variety of uses. The charming downtown Bartow setting, surrounded by lakes and citrus groves, provides a unique and attractive atmosphere. The outdoor area presents an opportunity to create a patio for al fresco dining, enhancing the property's appeal. This property is an excellent investment opportunity for a savvy buyer looking for a high-traffic location in a vibrant and growing community. The property is zoned for commercial use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $225,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $220,000
- Mixed-Use
- $235,000
- Hospitality
- $240,000
- Educational
- $230,000
- Residential Income
- $225,000
- Energy
- $205,000
- Income-Based Land
- $250,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Bartow
- County
- Polk
- State
- Florida
- Longitude
- -81.8426
- Latitude
- 27.8962
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA