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 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

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