758 Scenic HwyBabson Park, FL 33827

Property Details for 758 Scenic Hwy

Year built

1985

Lot size

1.48 AC

Property size (Sq ft)

8,640 SF

Property type

Retail properties

Property subtype

Retail space

APN

283033955300036200

APU

283033955300036200

Description

This exceptional 1.48-acre commercial property, located at 758 Scenic Highway North in Babson Park, Florida (zip code 33827), presents a unique investment opportunity. The property encompasses 7,980 square feet of land and is ideally situated just south of Webber International University's entrance, offering high visibility and convenient access. Its strategic location next to the Polk County Fire Rescue station ensures a high traffic count and prominent presence. The property benefits from a recently resealed and restriped parking lot. The area is experiencing significant growth with numerous new homes under development, promising increased foot traffic and potential for future development. This property is currently configured as a retail strip center with below-market rents, presenting a substantial opportunity for increased revenue. The seller is motivated and ready to retire, making this a compelling opportunity for a discerning investor. The property's location between Lake Wales and Frostproof further enhances its accessibility and market appeal. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Polk County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,712,000

  6.5%

  $3,426,461

  7%

  $3,181,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,463,488

  Geo Method

  $3,418,983

• Alternative Use

  Use

  Valuation

  Residential

  $2,890,348

  Hospitality

  $2,647,544

  Educational

  $2,202,725

  Medical

  $2,278,480

  Retail

  $3,426,461

Location Insight

City

Babson Park

County

Polk

State

Florida

Latitude

27.8333

Longitude

-81.5259

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].