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1820 Overlook Dr

31.4 Acres of Commercial Land Offered at $3,000,000 in Winter Haven, FL 33884

Investment Highlights

  • The subject consists of a masonry single family house that was constructed in 2004. It features 2,205 square feet of living
  • A metal over wood frame office/warehouse building that was constructed in 2005. 2nd floor set for use as an apartment
  • Approximately 31,685 square feet of asphalt paving, high electric wire mesh fencing, and an electric entry gate.
  • Quality manufactured house (Palm Harbor Home) that was constructed in 2005
  • 6,554 square foot of unfinished warehousing
  • 144 square foot low cost wood frame shed, 500 square foot open pole barn

Executive Summary

SUMMARY OF IMPROVEMENTS:
The subject consists of a masonry single family house that was constructed in 2004. It features 2,205 square feet of living area, a 600 square foot garage, a 61 square foot open porch, and a 1,198 square foot screen porch that encloses a pool. 1 of 2 A/C units were replaced approximately 3 years ago, the house was painted inside and out in the last 2 years, pergo and polished concrete floors were installed in 2012, and the kitchen was extensively upgraded in the last 5 years with new counter tops, cabinetry, and stainless steel appliances. Consequently, there is no evidence of significant deferred maintenance, and the estimated effective age of 10 years is lower than the subject’s actual age of 15 years.
SUMMARY OF IMPROVEMENTS:
The subject consists of a good quality manufactured house (Palm Harbor Home) that was constructed in 2005. It features 1,288 square feet of living area, a 132 square foot screen enclosed porch, and a 60 square foot raised open porch/patio. In 2010 the floors were replaced throughout the entire house and the kitchen was updated with new cabinets and countertops. In 2008 the bathrooms received new fixtures and in 2007 the 132 attached screen porch was added. Consequently, there is no evidence of significant deferred maintenance.

The subject consists of a metal over wood frame office/warehouse building that was constructed in 2005. It features 1,068 square feet of living area on 2 floors that is set for use as an apartment, and 6,554 square foot of unfinished warehousing. The apartment features a living area, small kitchen and restroom. The warehouse is large an open featuring exposed concrete floors, and exposed metal walls. There is no evidence of significant deferred maintenance, and the effective age is estimated to be the same as the actual age of 14 years.
The subject consists of a metal over wood frame general barn that was constructed in 2005. It consists entirely of unfinished area and features multiple holding stalls. There is no evidence of significant deferred maintenance, and the effective age is estimated to be the same as the actual age of 13 years.
Additional site improvements on site #1 include: approximately 31,685 square feet of asphalt paving, 3,305 square feet of concrete paving, a 144 square foot low cost wood frame shed, a 500 square foot open pole barn, approximately 620 lineal feet of 4 foot high chain link fencing, 180 lineal feet of 4 foot high vinyl 3 rail fencing, 1,735 lineal feet of 6 foot high electric wire mesh fencing, and an electric entry gate.

Property Facts

Price $3,000,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Single Family Development
Total Lot Size 31.40 AC

1 Lot Available

Lot

Price $3,000,000
Price Per AC $95,541
Lot Size 31.40 AC

TOTAL OF 31.40 ACRES OF PRIME RESIDENTIAL DEVELOPMENT LAND IN SE WINTER HAVEN. A RARE FIND! 1] 262825589000001801 (1820 Overlook Dr.) main Listing address. 2]262825589000001901 (1910 Overlook Dr.) 3] 262825589000001803 (1810 Overlook Dr.)

Description

TOTAL OF 31.40 ACRES OF PRIME RESIDENTIAL DEVELOPMENT LAND IN SE WINTER HAVEN. A RARE FIND! The property is unique in this market and sales of similar properties are rare. The property consists of 3 locations of residential property with the value in the underlying land. Zoning/Land Use designation of RL-1, Residential Low Density by Polk County. The property is also located in the TSDA [Transit Supportive Development Area]. 1] 262825589000001801 (1820 Overlook Dr.) main Listing address. 2]262825589000001901 (1910 Overlook Dr.) 3] 262825589000001803 (1810 Overlook Dr.) Location 1) 23.58 Acres, residential tract 2.01 acres wetlands, 21.57 usable. 610 Frontage on Overlook Dr (610x1200). Gated entrance, improved pasture, cross fencing and small pond. Improvements SF residence, large warehouse building and a horse barn. Location 2) Acres 5.2 acres usable126 FF Overlook Dr. Older manufactured home and an older barn. Natural vegetation and improved pasture with fencing and cross fencing. Location 3) 1.12 Acres SF Home Built in 2004 with screened pool. 3 BD, 2 BR; 2205sf. Brick paved patio, walkway & covered front porch. The highest and best use of this property is considered to be redevelopment. Located on the south side of Overlook Drive in southeast Winter Haven.

zoning

Zoning Code RL-1 (Normally RL-1 land use district allows Res development at a density of 1 dwelling unit per acre with a min lot size of 40,000 sq. ft. See Attachment)
RL-1 (Normally RL-1 land use district allows Res development at a density of 1 dwelling unit per acre with a min lot size of 40,000 sq. ft. See Attachment)
  • Listing ID: 14535365

  • Date on Market: 12/3/2018

  • Last Updated:

  • Address: 1820 Overlook Dr, Winter Haven, FL 33884

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