2803 Alt Us Hwy 27th S, Sebring, FL 33870-4972
- Office buildings
- 2,440 SF
- 0.19 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2803 Alt Us Hwy 27th S
- Year built
- 1954
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Zone code
- C1
- Property type
- Office buildings
- APN
- S-32-34-29-070-0030-0261
- APU
- S32342907000300261
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 4, 2022 | — | Sebring 27s LLC | — | Deed · related | $440k · Waterford Bank NA |
| Apr 28, 2022 | $250,000 | Sebring 27s LLC | Heartland Capital Partners LLC | Warranty Deed | — |
| Apr 24, 2018 | — | Heartland Capital Partners LLC | — | Deed · related | $82k · Wauchula St Bk |
| Jan 12, 2018 | — | Prescott Lawn & Pest Control INC | — | Deed · related | — |
| Mar 1, 2013 | $125,000 | Heartland Capital Partners LLC | Wauchula State Bank | Warranty Deed | $100k · Wauchula State Bank |
| Aug 9, 2007 | $250,000 | Eas Properties INC | Scott Mclain | Warranty Deed | $275k · Wauchula State Bank |
| May 2, 2001 | $4,600 | Lakeside Investment Group LLC | Bair,nellie | Grant Deed | — |
| — | — | Eas Properties INC | — | Deed Of Trust · related | $13k · Wauchula State Bank |
| — | — | Prescott Lawn & Pest Control INC | — | Loan Modification · related | — |
| — | — | Heartland Capital Partners LLC | — | Loan Modification · related | $82k · Wauchula St Bk |
| — | — | Eas Properties INC | — | Deed Of Trust · related | $311k · Wauchula State Bank |
Description
This exceptional investment opportunity presents a combined 42-unit property in Sebring, Florida, encompassing a 17-unit apartment complex and a 25-room motel. Situated on 3.17 acres of C-1 commercially zoned land, this fee-simple offering boasts a total of 18,507 square feet of net rentable space across five buildings. The apartment complex, built in 1952 and renovated in 2022, features two buildings with 9,672 heated square feet, a separate laundry building, and approximately 20 parking spaces. A newer standing seam metal roof (installed within the last three years) adds to its value. The motel, also built in 1952 (effectively 1986), includes 24 guest rooms, a two-bedroom, two-bathroom manager's apartment with a full kitchen and fireplace, and three buildings totaling 8,835 heated square feet. It offers approximately 27 parking spaces. The property enjoys a 90% occupancy rate, generating a strong net operating income (NOI) of $338,352 and an 8.46% cap rate. The asking price is $4,000,000, representing a price per unit of $95,238.10 and a price per square foot of $216.13. The property's location within "The City on The Circle" provides proximity to shopping, dining, golf courses, and Highlands Hammock State Park. The C-1 zoning allows for significant development potential, with an investor report suggesting the possibility of an 80-room mid-level hotel. This turn-key operation offers immediate income and substantial long-term growth potential. The property includes 47 total parking spaces.
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Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4436
- Latitude
- 27.4739
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA
