549 Bridgers Ave, Auburndale, FL 33823-3733
- Grocery and convenience stores
- 5,244 SF
- 0.71 lot acres
Current Use by Public Records
- Tacotopia Food Truck / Restaurant
- NCCS Drop Box Only / Charitable Organization
- National Bitcoin ATM / Atm / Currency Exchange Service
- Bridgers Truck Stop Cheron / Gas Station
- Bridgers Truck Stop Chevron / Gas Station
Property Details for 549 Bridgers Ave
- Year built
- 2009
- Lot size
- 0.71 lot acres
- Zone code
- C-3
- Property type
- Grocery and convenience stores
- APN
- 252812338200000883
- APU
- 252812338200000883
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 28, 2014 | — | Mayur Patel | Patel,vikram | Quit Claim Deed · related | — |
| Jul 7, 2009 | — | Vikram Patel | Patel,balvantrai & Manjula | Quit Claim Deed · related | — |
| Aug 4, 2008 | — | Mayur Patel | Security Natl Funding Trust | Warranty Deed | $725k · Citizens Bank & Trust Co |
| Jun 16, 2006 | — | Security National Funding | Sngc LLC | Quit Claim Deed · related | — |
| Feb 23, 2006 | $103,203 | Sngc LLC | Western United Life Assurance | Grant Deed | — |
| Jan 21, 2003 | $60,200 | United Life Assurance Western | Patel,balvanrai & Manjula | Grant Deed | — |
| Feb 20, 2001 | $233,500 | Mayur Patel | Patel,balvantrai & Manjula | Grant Deed · related | $135k · Seller |
| Jan 29, 1997 | $105,071 | Balvantrai Patel | Phillips, A B | Grant Deed | $78k · Fidelity Bank NA |
Description
This prime Auburndale, FL retail property at 549 E Bridgers Avenue presents a compelling investment opportunity. The 5,244 square foot building sits on a 0.71-acre lot and boasts a strong, current tenant with a long-term lease. The property generates a substantial monthly net income of $6,700, with a built-in 7% rent increase scheduled in two years, resulting in a projected monthly income of $7,169. The tenant operates a fuel supply business, featuring six pumps – four for regular fuel and two dedicated to diesel for semi-trucks. This ensures a consistent revenue stream, further enhanced by a remaining six-year fuel supply agreement. The property's location off Highway 92 in a rapidly growing market guarantees high traffic volume and strong long-term potential. This is an exceptional chance to acquire a stable, high-return investment in a thriving commercial area. The asking price is $2,000,000. This property offers a rare combination of secure income, a desirable location, and significant future growth prospects. Don't miss this chance to secure a profitable addition to your investment portfolio.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,135,000
- 6.5%
- $1,050,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $697,000
Market price range: $470k - $1.08M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $960,000 Current use
- AUTO REPAIR, GARAGE
- $1,275,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $1,150,000 Change: +20% Conversion: Moderate
- RETAIL STORES
- $1,065,000 Change: +11% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $810,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Auburndale
- County
- Polk
- State
- Florida
- Longitude
- -81.7738
- Latitude
- 28.0641
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
