215 Ridgewood Dr Sebring, FL 33870-7204
- Strip malls
- 1,200 SF
- 0.05 lot acres
Current Use by Public Records
- Strip malls
Property Details for 215 Ridgewood Dr
- Year built
- 1951
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 lot acres
- Property size
- 1,200 SF
- Zone code
- C1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- S-29-34-29-070-0480-0101
- APU
- S29342907004800101
Description
This exceptional 1,200 square foot retail or restaurant space is ideally situated in the heart of Downtown Sebring, just off the Circle on Ridgewood Drive, ensuring high visibility and pedestrian traffic. Built in 1951 and extensively renovated in 2020, the property boasts a single-tenant occupancy and features a spacious layout including a main area, a secondary finished area with a bathroom, and a rear storage area with a utility sink accessible from both inside and the alley. The high ceilings (10+ feet) and large storefront windows provide ample natural light and excellent visibility. Beyond the 1,200 square feet of interior space, the 2,250 square foot lot includes over 1,000 square feet of rear, alley-accessible outdoor space perfect for parking, a patio, garden, or even food truck storage. The property also includes four parking spaces and benefits from a newer central air conditioning system. This turnkey opportunity offers immediate access to a thriving downtown location with significant vehicular and pedestrian traffic. The property's combination of prime location, updated interior, and ample outdoor space makes it an exceptional investment for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $150,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $170,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $170,000
- Mixed-Use
- $170,000
- Hospitality
- $160,000
- Educational
- $150,000
- Residential Income
- $150,000
- Energy
- $180,000
- Income-Based Land
- $195,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4409
- Latitude
- 27.4974
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA