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

Strip malls

Property subtype

Neighborhood centers

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].