195 Main StBartow, FL 33830

Property Details for 195 Main St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

2,520 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

253005384100016011

APU

253005384100016011

Description

This exceptional 2,520 square foot commercial property in Bartow, Florida, is offered at $950,000. Located on a 0.06-acre corner lot at 195 E Main St (APN 25-30-05-384100-016011), this two-story building boasts a prime downtown location, steps from shops and county offices, ensuring high foot traffic. Currently configured as a restaurant with upstairs office space, the property offers significant potential. The building, renovated in 2012, features a desirable net lease investment opportunity with a 5.79% cap rate and a $55,000 net operating income (NOI). The price per square foot is $376.98. The upper level, currently used as office space, could be easily converted into residential units. The property's zoning is commercial, allowing for a variety of uses. The charming downtown Bartow setting, surrounded by lakes and citrus groves, provides a unique and attractive atmosphere. The outdoor area presents an opportunity to create a patio for al fresco dining, enhancing the property's appeal. This property is an excellent investment opportunity for a savvy buyer looking for a high-traffic location in a vibrant and growing community. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,082,667

  6.5%

  $999,385

  7%

  $928,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,301,851

  Geo Method

  $1,159,774

• Alternative Use

  Use

  Valuation

  Residential

  $843,018

  Hospitality

  $772,200

  Educational

  $642,462

  Medical

  $664,557

  Retail

  $999,385

Location Insight

City

Bartow

County

Polk

State

Florida

Latitude

27.8962

Longitude

-81.8426

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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