3341 U S Highway 27Sebring, FL 33870

Property Details for 3341 U S Highway 27

Year built

1991

Construction

CONCRETE BLOCKS

Lot size

1.38 AC

Property size (Sq ft)

3,440 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

S-05-35-29-A00-0031-0000

APU

S053529A0000310000

Description

This exceptional mixed-use property, located at 3341 US Highway 27 S in Sebring, Florida, presents a compelling investment opportunity. The 5,156 square foot building features a prime retail space exceeding 4,000 square feet, complete with a convenient drive-thru. Situated on a 1.38-acre lot, this property boasts unparalleled visibility and accessibility, benefiting from its strategic location alongside established businesses such as Dairy Queen, Captain D's, Arby's, and WaWa. The high-traffic location on US Highway 27 sees an average daily traffic count of 31,000 vehicles, ensuring significant exposure for any business operating within the space. The existing building offers immediate income potential, with the possibility of leasing for up to $46 per square foot. However, the property also presents substantial upside potential. The current structure can be expanded, and modernized with updated parapets, to accommodate additional tenants or a larger single tenant. This allows for long-term profit generation through leasing, followed by a sale once depreciation has been fully realized. This property is ideal for investors seeking a strong return on investment in a high-demand location. The combination of existing income potential and significant expansion opportunities makes this a truly unique and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,477,926

  6.5%

  $1,364,239

  7%

  $1,266,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,777,130

  Geo Method

  $1,361,262

• Alternative Use

  Use

  Valuation

  Residential

  $1,150,787

  Hospitality

  $1,054,114

  Educational

  $877,011

  Medical

  $907,173

  Retail

  $1,364,239

Location Insight

City

Sebring

County

Highlands

State

Florida

Latitude

27.4681

Longitude

-81.4398

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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