1520 Lakeview DrSebring, FL 33870

Property Details for 1520 Lakeview Dr

Year built

1989

Construction

FRAME

Lot size

0.83 AC

Property size (Sq ft)

3,011 SF

Zone code

C1

Property type

Drive through restaurants

APN

S-32-34-29-090-0020-0070

APU

S32342909000200070

Description

This exceptional mixed-use property, located at 1520 Lakeview Drive in Sebring, Florida, presents a unique investment opportunity. The 3,011 square foot building sits on a 0.83-acre lot and boasts a convenient C1 zoning designation. Built in 1989, this single-story structure features ample parking for 30 vehicles, a significant advantage for any business. Its previous use as a restaurant is highlighted by the inclusion of a drive-thru speaker and a side pick-up window, offering immediate operational potential. The property's strategic location offers easy access to downtown Sebring and US Highway 27, ensuring high visibility and convenient access for customers. Situated adjacent to a shopping plaza, this freestanding building benefits from increased foot traffic and synergistic business opportunities. The property includes one unit and is offered at an asking price of $525,000. This is an excellent chance to acquire a well-positioned commercial property with existing infrastructure, ready for immediate occupancy or redevelopment. The property's APN is S-32-34-29-090-0020-0070.

• CAP approach

  CAP return

  Valuation

  6%

  $1,293,615

  6.5%

  $1,194,106

  7%

  $1,108,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,555,505

  Geo Method

  $1,191,500

• Alternative Use

  Use

  Valuation

  Residential

  $1,007,273

  Hospitality

  $922,657

  Educational

  $767,640

  Medical

  $794,040

  Retail

  $1,194,106

Location Insight

City

Sebring

County

Highlands

State

Florida

Latitude

27.4831

Longitude

-81.4396

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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