1412 Memorial DrAvon Park, FL 33825

Property Details for 1412 Memorial Dr

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

2,640 SF

Zone code

C4

Property type

Grocery and convenience stores

APN

A-23-33-28-320-00A0-0010

APU

A23332832000A00010

Description

This vacant gas station, located at 1412 Memorial Dr in Avon Park, FL 33825, presents a unique investment opportunity. The property boasts 2,640 square feet on a 0.52-acre lot, built in 1990. Its prime location on a signalized hard corner ensures high visibility, benefiting from traffic flow and proximity to local attractions like the Avon Park Depot Museum and Lake Verona. The property is currently vacant, offering flexibility for owner-users to establish their own franchise or lease to a tenant. With one building and one story, this property is ideal for a variety of uses within the gas station industry. The asking price is $2,727,000. Avon Park offers a lower cost of living compared to other parts of Florida, making it an attractive location for businesses. This property is zoned for retail use and presents a strong potential for return on investment. The property's single-unit structure simplifies management and operation. The asking rent, should the property be leased, is $225,000 per year.

• CAP approach

  CAP return

  Valuation

  6%

  $1,134,222

  6.5%

  $1,046,974

  7%

  $972,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,363,844

  Geo Method

  $1,044,689

• Alternative Use

  Use

  Valuation

  Residential

  $883,162

  Hospitality

  $808,972

  Educational

  $673,055

  Medical

  $696,202

  Retail

  $1,046,974

Location Insight

City

Avon Park

County

Highlands

State

Florida

Latitude

27.5953

Longitude

-81.4937

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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