1520 Lakeview DrSebring, FL 33870

  • Retail properties
  • 3,011 SF
For Sale
$525,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1520 Lakeview Dr, Sebring, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,610
$108,333
$215,766
$324,099
-
$108,333
$215,766
$324,099

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