1603 3Rd StWinter Haven, FL 33880

Property Details for 1603 3Rd St

Year built

1974

Lot size

0.60 AC

Property size (Sq ft)

2,532 SF

Property type

Drive through restaurants

APN

262832646500000082

APU

262832646500000082

Description

This exceptional Class A shopping center presents a compelling redevelopment opportunity in the thriving Winter Haven, Florida market. Located at 1603 3rd St SW, this 3,800 square foot property sits on a 0.65-acre lot (APN: 32-28-26-646500-000082) and offers fee simple ownership. The single-story building, slated for completion in late 2025, boasts three units and is zoned for commercial use. With a total square footage of 3,800 net rentable square feet, the asking price is $2,800,000, translating to $736.84 per square foot. Its strategic location near Highway 17, just past Cypress Gardens Boulevard and adjacent to AutoZone, ensures high visibility and accessibility. The property's design lends itself to various retail uses, including the potential for a quick-service restaurant with a drive-thru, capitalizing on the high traffic volume in this established commercial corridor. This is an ideal investment for developers seeking a prime location with strong growth potential in a bustling Florida market. The property is situated in Polk County, Florida, zip code 33880. This is a rare opportunity to acquire a brand-new, strategically located retail center in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,087,822

  6.5%

  $1,004,144

  7%

  $932,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,308,050

  Geo Method

  $1,001,952

• Alternative Use

  Use

  Valuation

  Residential

  $847,033

  Hospitality

  $775,877

  Educational

  $645,521

  Medical

  $667,721

  Retail

  $1,004,144

Location Insight

City

Winter Haven

County

Polk

State

Florida

Latitude

28.006

Longitude

-81.7313

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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