1095 Us Highway 17Bartow, FL 33830

Property Details for 1095 Us Highway 17

Year built

1978

Lot size

0.42 AC

Property size (Sq ft)

5,021 SF

Property type

Retail space

APN

253008407000004091

APU

253008407000004091

Description

This exceptional 1,925 square foot retail property, situated on a 0.42-acre lot at 1095 US Highway 17 S in Bartow, Florida, presents a compelling investment opportunity. Currently operating as a successful car detailing business generating a consistent monthly rental income of $2,900, this location boasts significant visibility and high traffic volume due to its strategic placement on US Highway 17. The property's previous use as a gas station/convenience store underscores its suitability for a variety of businesses, particularly those benefiting from high vehicular traffic, such as a drive-thru establishment or a new gas station. Importantly, all existing fuel tanks have been properly addressed and are foam-filled and sealed in accordance with EPA regulations, eliminating potential environmental concerns and streamlining any future development plans. The property's size and location offer considerable flexibility for a range of commercial ventures, making it an attractive prospect for investors seeking a strong return on investment in a high-demand area. The substantial monthly rental income provides immediate cash flow, while the prime location and adaptable space offer significant long-term growth potential. This is a rare opportunity to acquire a well-situated, income-producing property in a thriving market. The asking price is $525,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,157,170

  6.5%

  $1,991,234

  7%

  $1,849,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,593,886

  Geo Method

  $2,310,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,679,680

  Hospitality

  $1,538,578

  Educational

  $1,280,079

  Medical

  $1,324,103

  Retail

  $1,991,234

Location Insight

City

Bartow

County

Polk

State

Florida

Latitude

27.8867

Longitude

-81.8283

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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