1505 Hooker StBartow, FL 33830

Property Details for 1505 Hooker St

Year built

2009

Lot size

1.08 AC

Property size (Sq ft)

5,000 SF

Zone code

C-3

Property type

Auto shops

APN

253008407000006010

APU

253008407000006010

Description

This exceptional investment opportunity presents a 5,000-square-foot auto shop situated on a one-acre lot in Bartow, Florida. The property, located at 1505 E Hooker St, 33830, boasts a modern, meticulously maintained metal insulated building constructed in 2009. The single-story structure features seven bays, an air-conditioned office space, three car lifts, and includes two tow trucks. The building is fully fenced and sits on a corner lot providing high visibility and excellent access from South Holland Pkwy (Hwy 17), ideal for large vehicle access. The property is zoned C3, offering versatility for various uses. The building's interior is in great condition, and the paved parking lot provides ample space. Currently, the property houses an established light-duty tow company with a contract for towing services within Polk County's city limits, including impounding and removal of vehicles. While the business is available for separate purchase, the real estate presents a strong standalone investment opportunity. The asking price is $1,399,000. The property is ready for occupancy on October 24, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $2,148,148

  6.5%

  $1,982,906

  7%

  $1,841,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,583,038

  Geo Method

  $2,301,138

• Alternative Use

  Use

  Valuation

  Residential

  $1,672,655

  Hospitality

  $1,532,143

  Educational

  $1,274,725

  Medical

  $1,318,565

  Retail

  $1,982,906

Location Insight

City

Bartow

County

Polk

State

Florida

Latitude

27.8884

Longitude

-81.8276

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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