2470 Us Hwy 27th N Sebring, FL 33870-1867

Property Details for 2470 Us Hwy 27th N

Lot size

0.17 lot acres

Zone code

B3

Property type

Commercial land

APN

C-23-34-28-A00-0300-0000

APU

C233428A0003000000

Description

Exceptional investment opportunity featuring three double-sided, illuminated wooden billboards situated on 2470 US Hwy 27 N in Sebring, Florida (33870), Highlands County. These billboards offer significant visibility due to their strategic placement, maximizing exposure both day and night. The property includes the land for all three structures, resulting in zero ground lease costs. The current annual property tax is $416.21, and annual electricity costs average $2,400. Low maintenance costs, averaging $50-$70 per month, contribute to the strong profitability of this asset. The billboards are fully permitted and compliant with all relevant state and local regulations. Generating a 2023 gross annual revenue of $96,667, with projections exceeding $100,000 in 2024, this business boasts a 10.14% cap rate and a net operating income (NOI) of $82,671. The current owner is available to assist with the transition, managing sales and operations. This turnkey investment offers a compelling return with significant upside potential in the growing Sebring market. The property is zoned for commercial use. This is a rare opportunity to acquire a well-established, high-performing billboard portfolio with minimal operational overhead.