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    FOR SALE
    Banks

    695 N Scenic Hwy, Frostproof, FL 33843

    2,907 SF 1.4 ac lot Built 1990
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US18-2465114
    Property summary
    AI-generated overview

    This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Frostproof, Florida. Located on a hard corner at the intersection of N. Scenic Highway (Highway 17) and County Road 630, this 1.4-acre lot boasts high visibility and accessibility. The property includes a substantial 3,886 square foot bank building, complete with a secure vault, offering significant potential for a variety of commercial uses. Its strategic location directly across from a McDonald's ensures consistent high traffic flow, making it ideal for businesses seeking maximum exposure. The existing building's features, including the vault, are particularly well-suited for businesses such as convenience stores, other financial institutions, check-cashing businesses, or pawn shops. This rare opportunity to acquire a well-positioned commercial property in a growing area on Florida's Lake Wales Ridge is not to be missed. The property's size and location offer significant potential for future development and expansion, catering to the needs of a burgeoning community. Don't miss this chance to secure a prime commercial asset in a rapidly developing market. The property is priced at $999,900.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1990
    Total area 2,907 SF
    Lot 1.4 ac (61,115 SF)
    APN 283129000000021220
    UPID US18-2465114
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Guelff Family Limited Partnership · 4 yrs held
    Guelff Family Limited Partnership
    since 2021
    Last sale
    $200,000
    2 recorded transactions
    2021
    $200,000
    2001
    $12,100
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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