3310 Hwy 27Sebring, FL 33870

Desoto Square, a 57,187 square foot shopping center in Sebring, Florida, presents a compelling investment opportunity. Currently 35% occupied, the property boasts a strong anchor tenant, Tractor Supply Co., operating on a below-market lease. The center features a total of two units, with approximately 37,187 square feet available for lease, divisible into spaces as small as 12,000-15,000 square feet. An attractive aspect is the potential for expansion, with approximately 15,000-20,000 square feet of adjacent land available for development, including a potential outparcel. The property sits on a 6.83-acre lot with 371 parking spaces and benefits from a highly visible location on US Highway 27 S, a major thoroughfare with a high average annual daily traffic count of 31,000 vehicles. The asking price is $4,900,000, representing a below-replacement-cost opportunity. The property's current net operating income (NOI) is $118,680. Built in 1984, this single-story center is shadow-anchored by Winn-Dixie, further enhancing its appeal and potential for future growth. The property offers a signalized entrance directly from US Highway 27 S, ensuring excellent visibility and accessibility. Detailed financial information is available upon request.