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Property profile & analytics
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
by Request
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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