1520 Lakeview DrSebring, FL 33870
- Retail properties
- 3,011 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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