712 Ridgewood Dr Sebring, FL 33870-7215
- Auto shops
- 855 SF
- 0.18 lot acres
Current Use by Public Records
- Epic Auto Repair LLC / Auto Repair Shop
- Arrive Autos / Motor Vehicle Dealer
- Capital Mortgage / Mortgage Broker
Property Details for 712 Ridgewood Dr
- Year built
- 1935
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 855 SF
- Zone code
- C1
- Property type
- Auto shops
- APN
- S-29-34-29-070-0050-0071
- APU
- S29342907000500071
Description
This exceptional commercial property, located at 712 N Ridgewood Drive in the heart of revitalized downtown Sebring, Florida, presents a unique investment opportunity. The 855-square-foot building sits on a 0.18-acre lot, offering ample space for a variety of businesses. Currently configured as an auto repair shop, the property features two bays, one equipped with a 2020 mini-split AC unit, and the other with a barn-door style opening to a nicely fenced rear storage yard. While the public records indicate a 1935 build date, the property has undergone a complete renovation. This extensive renovation, completed in 2018 per the owner, included new walls, bathroom fixtures, and a new roof, ensuring the building is in excellent condition. Its prime location just north of the circle in downtown Sebring places it within easy reach of increased foot and vehicle traffic, benefiting from the ongoing revitalization efforts in the area. The property's versatile layout and recent upgrades make it an ideal choice for entrepreneurs seeking a well-maintained space in a thriving downtown setting. The combination of a desirable location and recent renovations makes this a strong investment opportunity. The .18-acre lot provides additional potential for expansion or outdoor operations. This property is priced to sell at $210,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $155,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $170,000
- Mixed-Use
- $195,000
- Hospitality
- $180,000
- Educational
- $170,000
- Residential Income
- $195,000
- Energy
- $195,000
- Income-Based Land
- $155,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4386
- Latitude
- 27.5023
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA