215 Ridgewood DrSebring, FL 33870

Property Details for 215 Ridgewood Dr

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,200 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

S-29-34-29-070-0480-0101

APU

S29342907004800101

Description

This exceptional 1,200 square foot retail or restaurant space is ideally situated in the heart of Downtown Sebring, just off the Circle on Ridgewood Drive, ensuring high visibility and pedestrian traffic. Built in 1951 and extensively renovated in 2020, the property boasts a single-tenant occupancy and features a spacious layout including a main area, a secondary finished area with a bathroom, and a rear storage area with a utility sink accessible from both inside and the alley. The high ceilings (10+ feet) and large storefront windows provide ample natural light and excellent visibility. Beyond the 1,200 square feet of interior space, the 2,250 square foot lot includes over 1,000 square feet of rear, alley-accessible outdoor space perfect for parking, a patio, garden, or even food truck storage. The property also includes four parking spaces and benefits from a newer central air conditioning system. This turnkey opportunity offers immediate access to a thriving downtown location with significant vehicular and pedestrian traffic. The property's combination of prime location, updated interior, and ample outdoor space makes it an exceptional investment for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $515,556

  6.5%

  $475,897

  7%

  $441,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,929

  Geo Method

  $474,859

• Alternative Use

  Use

  Valuation

  Residential

  $401,437

  Hospitality

  $367,714

  Educational

  $305,934

  Medical

  $316,456

  Retail

  $475,897

Location Insight

City

Sebring

County

Highlands

State

Florida

Latitude

27.4974

Longitude

-81.4409

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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