35495 Us Highway 27Haines City, FL 33844

Property Details for 35495 Us Highway 27

Year built

1981

Lot size

1.81 AC

Property size (Sq ft)

22,180 SF

Property type

Retail space

APN

272720000000044070

APU

272720000000044070

Description

This exceptional 20,700-square-foot freestanding retail building is situated on a high-traffic six-lane section of US Highway 27 in Haines City, Florida. Boasting 100% occupancy, the single-tenant property offers significant visibility and accessibility, with approximately 62,000 cars passing daily. Built in 1981, the building features 20,200 square feet of net rentable space, 35 parking spaces (including handicapped spaces), two truck bays, and a shipping porch. The property includes nine air conditioning units and a complete fire sprinkler system. Located on a 1.81-acre lot, the property is zoned CH- City of Haines City and presents a compelling investment opportunity for owner-users. Its prime location, south of AdventHealth Hospital and north of Highway 17-92, offers substantial potential for various uses, including a possible conversion to a medical clinic. The asking price is $4,249,000, translating to $205.27 per square foot. This is a rare opportunity to acquire a well-maintained, high-visibility retail property in a rapidly growing area of Polk County. The property's current tenant is vacating soon.

• CAP approach

  CAP return

  Valuation

  6%

  $9,529,184

  6.5%

  $8,796,170

  7%

  $8,167,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,458,354

  Geo Method

  $8,776,972

• Alternative Use

  Use

  Valuation

  Residential

  $7,419,898

  Hospitality

  $6,796,588

  Educational

  $5,654,681

  Medical

  $5,849,154

  Retail

  $8,796,170

Location Insight

City

Haines City

County

Polk

State

Florida

Latitude

28.1155

Longitude

-81.6389

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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