1509 Havendale BlvdWinter Haven, FL 33881

Property Details for 1509 Havendale Blvd

Year built

1969

Lot size

0.62 AC

Property size (Sq ft)

4,040 SF

Zone code

BA

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

262818550000000103

APU

262818550000000103

Description

This Winter Haven, Florida, Mobil gas station presents a lucrative investment opportunity. Priced at $1,200,000, this fee-simple property boasts 4,200 square feet on a 0.62-acre lot. Built in 1969, the property includes two buildings, each one story, and features four gas pumps. The property enjoys 100% occupancy across three units, including a convenience store, auto repair shop, and car wash, all operating under month-to-month leases. This provides flexibility for both owner-operators and passive investors. The high-traffic location on Havendale Blvd sees over 35,000 vehicles per day, and serves an affluent demographic with 43,000 residents within a 5-mile radius. A fuel supply contract with Cross America Partners is in place, ensuring a stable revenue stream. This multi-tenant retail property offers a unique blend of income streams, making it an attractive investment in the automotive services market. The property is classified as Class B and offers significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,735,704

  6.5%

  $1,602,188

  7%

  $1,487,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,087,094

  Geo Method

  $1,598,691

• Alternative Use

  Use

  Valuation

  Residential

  $1,351,506

  Hospitality

  $1,237,972

  Educational

  $1,029,978

  Medical

  $1,065,400

  Retail

  $1,602,188

Location Insight

City

Winter Haven

County

Polk

State

Florida

Latitude

28.0451

Longitude

-81.744

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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