610 6Th AveWauchula, FL 33873

Property Details for 610 6Th Ave

Year built

1981

Construction

CONCRETE

Lot size

0.61 AC

Property size (Sq ft)

5,170 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

04-34-25-0240-00003-0004

APU

434250240000030004

Description

This exceptional investment opportunity presents a 4,720 square foot retail strip with five self-storage units situated on a 0.61-acre lot in Wauchula, Florida. Built in 1981, the single-story building boasts a gross lease type and multi-tenancy. Currently operating at 39.75% occupancy, this property offers a significant value-add potential with a strong NOI of $38,064 and a 10.88% cap rate. The asking price is $350,000, translating to $74.15 per square foot. The property features a convenient parking lot with three points of ingress and egress, enhancing accessibility. The rear self-storage units benefit from access from both the front and Highway 17, complete with a dedicated turn lane. A prominent pylon sign ensures high visibility. This prime retail location along N Sixth Avenue/US Highway 17 enjoys exceptional traffic counts, exceeding 14,000 vehicles daily on N Fifth Avenue and 12,500+ on N Sixth Avenue. Strategically positioned in a dense retail hub, the property benefits from proximity to major national retailers such as ACE Hardware, AutoZone, O'Reilly Auto Parts, Walmart, and various fast-food chains. The strong demographics, with a daytime population exceeding 16,500 within a 5-mile radius, further solidify this investment's appeal. Wauchula's location, approximately 50 miles east of Bradenton and 40 miles south of Lakeland, adds to its strategic advantage as the county seat of Hardee County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,057,812

  6.5%

  $1,899,519

  7%

  $1,763,839

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,625,455

  Geo Method

  $2,379,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,602,316

  Hospitality

  $1,467,712

  Educational

  $1,221,120

  Medical

  $1,263,116

  Retail

  $1,899,519

Location Insight

City

Wauchula

County

Hardee

State

Florida

Latitude

27.5533

Longitude

-81.8124

CBSA code

48100

CBSA name

WAUCHULA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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