Property profile

215 Ridgewood Dr Sebring, FL 33870

OFF-MARKET
Strip malls
Property ID
US18-1843345
1,200 SF 0.05 ac lot Built 1951
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,200 SF
Lot 0.05 ac (2,250 SF)
Zoning code C1
APN S-29-34-29-070-0480-0101
UPID US18-1843345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Ridgewood Dr Sebring, FL 33870-7204
Sebring metro Census 960800 SEBRING, FL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2023
Last sale
$140,000
2 recorded transactions
2023
$140,000
2014
$75,000

Zoning & alternative use

C1 · Sebring, FL
Zoning description

The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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