212 1St StWinter Haven, FL 33880

Property Details for 212 1St St

Year built

1941

Lot size

0.15 AC

Property size (Sq ft)

1,428 SF

Property type

Office buildings

APN

262828607000001112

APU

262828607000001112

Description

This exceptional investment opportunity in Winter Haven, Florida, comprises three buildings totaling 3,446 square feet on a 0.45-acre lot. Two commercial buildings, located at 212 and 210 1st Street South, benefit from a high-traffic location with approximately 30,000 vehicles passing daily. Both boast grandfathered lighted signage, ensuring excellent visibility. The 1st Street buildings offer flexible office layouts, including kitchens and bathrooms; one includes a conference room. Office furniture is included in the sale. The third building, a 1,080-square-foot residential property at 121 Bates Avenue SE, presents rental income potential or redevelopment opportunities. Built between 1941 and 1945, the properties are zoned C-3 and R-3, allowing for diverse uses. Parking for 6-8 vehicles is available. This portfolio offers a unique blend of commercial and residential potential in a prime location, providing significant investment upside. The properties are situated in Polk County, Florida, and offer a rare opportunity to acquire a well-positioned multi-building portfolio in a thriving area. The combined square footage of the commercial spaces is 2,366 square feet. The residential building offers two bedrooms and one bathroom. This is a turnkey opportunity for an investor seeking a diverse portfolio with immediate income potential and future growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $417,354

  6.5%

  $385,250

  7%

  $357,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,744

  Geo Method

  $224,239

• Alternative Use

  Use

  Valuation

  Residential

  $477,710

  Hospitality

  $437,580

  Educational

  $364,062

  Medical

  $376,582

  Retail

  $566,318

Location Insight

City

Winter Haven

County

Polk

State

Florida

Latitude

28.0196

Longitude

-81.7265

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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