For Sale
$695,000

1241 U S Highway 27 Sebring, FL 33870

Six-unit office building, high cap rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional two-story, 4,720 square foot executive office building is situated on a 0.41-acre lot at 1241 US Hwy 27 S in Sebring, Florida (33870). Boasting a prime location with Lake Jackson views, this Class B property offers six income-producing units, currently 100% occupied with multi-tenant leases in place. Built in 1983 and zoned C1, the building features a new roof (2017), fresh exterior paint, and vinyl siding upstairs for low-maintenance upkeep. The 21-space parking lot was recently resurfaced in 2021. The gross lease structure includes water, sewer, and garbage services for tenants. The property offers a stabilized investment opportunity with a 6.91% cap rate and a strong NOI of $48,001. The asking price is $695,000, translating to $147.75 per square foot. Rent bumps are included in the lease agreements. This is a turnkey opportunity for an investor seeking a stable, income-generating asset in a desirable location. The property's features and strong tenant occupancy make it an attractive investment prospect.

Highlights

  • $695,000 asking price for a stabilized, multi-tenant office building.
  • 6.91% cap rate with a $48,001 NOI.
  • 4,720 square feet of net rentable space, priced at $147.75 per square foot.
  • Six (6) units in a Class B building, 100% occupied with gross leases and rent bumps.
  • Located at 1241 US Hwy 27 S, Sebring, FL 33870, on a 0.41-acre lot with 21 parking spaces.

Property Details for 1241 U S Highway 27

Property type
Office properties
Square Feet
4,704 SF
Class
B
Year Built
1983
Stories
2
Lot Size (sq. ft)
17,860 SF
Units
6

Location Insight

City
Sebring
County
Highlands
State
Florida
Latitude
27.4726387
Longitude
-81.4675376

FAQs

What type of property is this?
Office property - Six-unit office building, high cap rate
Where is the office property located?
The property is located at 1241 U S Highway 27 Sebring, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: $695,000 asking price for a stabilized, multi-tenant office building.; 6.91% cap rate with a $48,001 NOI.; 4,720 square feet of net rentable space, priced at $147.75 per square foot.
How can I contact the broker?
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1241 U S Highway 27
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