151 1st St S
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151 1st St S
3,600 SF 100% Leased Office Building Winter Haven, FL 33880 $900,000 ($250/SF)
Investment Highlights
- Both roofs were replaced in March of 2024.
- 3 large offices and an open reception area.
Executive Summary
Incredible opportunity to own 2 office buildings totaling 3600 sq. ft. of office space in a premier highly desired location of downtown Winter Haven. Current traffic count AADT 28,500 for amazing exposure for any business. This property is currently zoned commercial office, the property is also located in a Winter Haven redevelopment area which can offer many benefits to the new owner. The property is also located in a Federal opportunity area which could potentially offer some tax credits as well. The buildings themselves are constructed of concrete block with a flat concrete roof, virtually a concrete bunker, with a hip-style roof added. Both roofs were replaced in March of 2024, w/ Owens Corning shingles, six nails per shingle rated up to 130 mph wind speeds. Underlayment is Roofnado Anchor Deck high temperature peel and stick waterproof barrie, favored by insurance companies reducing premiums. Both roof decking's were also renailed to proper code which will also result in a wind mitigation credit. All A/C units were replaced in March 2024. Buildings feature two 900 sq. ft. office spaces w/ two restrooms, 3 large offices and an open reception area, that could be made into office space as well if needed. Potable water sources, drain systems, and restrooms are located on the perimeter of the building, making it very easy to add sinks to offices to support medical operations. 14 parking spaces are available when accounting for parking in the rear driveway. The east building has a door in-between the offices already making it convenient for one occupant, this could be easily done with the west building as well. Currently both buildings are fully occupied by long term tenants for over 10 years. Schedule a private tour today, do not miss this opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
1983
Price
$900,000
Price Per SF
$250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.27
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CITY - Office/ Medical, Community Redevelopment Area, Federal opportunity Area
Parking
15 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Security System
- Signage
- Reception
- Central Heating
- Drop Ceiling
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Space | Size | Space Use | Condition | Available |
1st Floor | 900-1,800 SF | Office | Full Build-Out | 30 Days |
1st Floor
Size |
900-1,800 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
30 Days |
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1st Floor
Size | 900-1,800 SF |
Space Use | Office |
Condition | Full Build-Out |
Available | 30 Days |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
Parcel Number | 26-29-05-665500-001261 | Improvements Assessment | $0 |
Land Assessment | $20,000 | Total Assessment | $20,000 |
PROPERTY TAXES
Parcel Number
26-29-05-665500-001261
Land Assessment
$20,000
Improvements Assessment
$0
Total Assessment
$20,000
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151 1st St S
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