215 N Scenic Hwy, Frostproof, FL 33843
For Sale
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This exceptional mixed-use commercial property, located at 215 N Scenic Highway in Frostproof, Florida, presents a lucrative investment opportunity. The property boasts 3,512 square feet situated on a 0.18-acre lot with prominent Scenic Highway frontage, ensuring high visibility. The property comprises two buildings, totaling seven rental units under one roof. One building, constructed of concrete block, offers 612 square feet and previously served as an office space, featuring a reception area, two private offices, and a bathroom. The second building, a 2,900-square-foot metal structure, is currently divided into five separate rental spaces. Each of these five units includes its own handicap-accessible unisex restroom, independent power and water meters, and wall-unit AC and heating systems. Ample parking is available, including designated handicap spaces, and a convenient outdoor courtyard. City water, sewer, and electricity are connected to each unit. The buildings were brought up to code in 2013, with further updates completed in 2022. The property is zoned Commercial General (GC), allowing for diverse uses such as adult day care, assisted living, childcare, business offices, medical facilities, fitness centers, clinics, or florists. The property generates a potential monthly income of $2,500 when fully occupied. Cash buyers only. An on-site visit by the buyer is required before submitting an offer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.