1917 U S Highway 27Sebring, FL 33870

Property Details for 1917 U S Highway 27

Year built

1992

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

12,676 SF

Zone code

B3

Property type

Retail space

APN

S-23-34-28-050-0010-0070

APU

S23342805000100070

Description

This exceptional 14,564-square-foot retail storefront, formerly a Badcock Furniture store, presents a remarkable investment opportunity in Sebring, Florida. Built in 2001, this single-story building sits on a 0.84-acre lot with high visibility on US Highway 27 North, boasting a dedicated turn lane and ample parking. The property features a large showroom, substantial storage space, and a convenient rear loading area. Its B-2 and B-3 zoning allows for a variety of retail uses. The location is strategically positioned near a signalized intersection experiencing 44,000 vehicles per day, ensuring significant exposure. Nearby national retailers include Home Depot, Lowe's, Petco, and many more, indicating a thriving retail corridor. The property benefits from a strong demographic profile, with a population exceeding 47,500 within a 5-mile radius, projected to grow further by 2028. Its proximity to Lake Jackson, a popular recreational destination, adds to its appeal. The asking price is $2,500,000. This property is vacant and ready for immediate occupancy, offering significant potential for a discerning investor or business owner. The property's APN is S-23-34-28-050-0010-0070.

• CAP approach

  CAP return

  Valuation

  6%

  $5,445,984

  6.5%

  $5,027,063

  7%

  $4,667,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,548,516

  Geo Method

  $5,016,091

• Alternative Use

  Use

  Valuation

  Residential

  $4,240,516

  Hospitality

  $3,884,290

  Educational

  $3,231,683

  Medical

  $3,342,826

  Retail

  $5,027,063

Location Insight

City

Sebring

County

Highlands

State

Florida

Latitude

27.5004

Longitude

-81.4905

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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