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215 N Scenic Hwy

3,512 SF Vacant Retail Building Frostproof, FL 33843 $250,000 ($71/SF) 10.88% Cap Rate

Investment Highlights

  • Scenic Highway frontage
  • Commercial General zoning
  • Downtown

Executive Summary

Commercial Income Opportunity with GC zoning in place. Scenic Hwy frontage allows for great exposure for these two buildings with 7 possible units with minimal modification. One building (217) is concrete block with 612 sq feet and currently vacant. In the past has been a great location for an office with front lobby, 2 private office and bathroom. The 2nd building is metal with 2900 sq feet and currently divided into 4 rental spaces each having there own handicap/unisex restroom, each with it's own power and water meter. One unit (the church) took a wall down so is occupying 2 units. Other features are multiple parking spaces on Scenic as well as rear parking including designated handicap spaces and outdoor courtyard. Electricity, City Water and City sewer are hooked up and available to each rental. Each unit is provided AC & heat via wall units. The buildings were all brought up to code in 2013. This property has Commercial General Land Use so a few possible options are Adult Day Care, Assisted Living, Child Care, Business offices, Medical, Fitness, Clinic, Florist. Much to offer in this building located in the downtown area. Seller is looking for cash only inquiries.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,512 SF
Building Class
B
Year Built
1980
Price
$250,000
Price Per SF
$71
Cap Rate
10.88%
NOI
$27,200
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Land Acres
0.18 AC
Zoning
GC - General Commercial
Parking
15 Spaces (4.27 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Cue-Tickles Nail Salon
  • -
  • -
  • -
  • -
  • Drea's Blissful Beauty
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Cue-Tickles Nail Salon - - - -
Drea's Blissful Beauty - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-31-32-968200-004013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$116,815
  • Listing ID: 21186423

  • Date on Market: 10/9/2020

  • Last Updated:

  • Address: 215 N Scenic Hwy, Frostproof, FL 33843

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