695 Scenic HwyFrostproof, FL 33843

Property Details for 695 Scenic Hwy

Year built

1990

Lot size

1.40 AC

Property size (Sq ft)

2,907 SF

Property type

Retail properties

Property subtype

Banks

APN

283129000000021220

APU

283129000000021220

Description

This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Frostproof, Florida. Located on a hard corner at the intersection of N. Scenic Highway (Highway 17) and County Road 630, this 1.4-acre lot boasts high visibility and accessibility. The property includes a substantial 3,886 square foot bank building, complete with a secure vault, offering significant potential for a variety of commercial uses. Its strategic location directly across from a McDonald's ensures consistent high traffic flow, making it ideal for businesses seeking maximum exposure. The existing building's features, including the vault, are particularly well-suited for businesses such as convenience stores, other financial institutions, check-cashing businesses, or pawn shops. This rare opportunity to acquire a well-positioned commercial property in a growing area on Florida's Lake Wales Ridge is not to be missed. The property's size and location offer significant potential for future development and expansion, catering to the needs of a burgeoning community. Don't miss this chance to secure a prime commercial asset in a rapidly developing market. The property is priced at $999,900.

• CAP approach

  CAP return

  Valuation

  6%

  $1,248,933

  6.5%

  $1,152,862

  7%

  $1,070,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,501,778

  Geo Method

  $1,150,345

• Alternative Use

  Use

  Valuation

  Residential

  $972,482

  Hospitality

  $890,788

  Educational

  $741,125

  Medical

  $766,614

  Retail

  $1,152,862

Location Insight

City

Frostproof

County

Polk

State

Florida

Latitude

27.7553

Longitude

-81.5311

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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