4230 US 27 N 2 Properties Offered at $4,500,000 in Sebring, FL
INVESTMENT HIGHLIGHTS
- Retail showroom (8,500 SF) and warehouse (7,100 SF) designed for efficient operations.
- Owner can rent out each of the 5 units; if all become retail, potential rent could be ~$90k per year.
- Long-standing customer base and strong market presence.
- Five rental units, providing additional income potential (5,000 SF).
- High-visibility location with excellent accessibility on a major highway.
- Land, buildings and retail store could be sold separately or together depending on buyer's preference.
EXECUTIVE SUMMARY
Boasting over 20,000 square feet of functioning retail, warehouse and storage space located on the main artery of Highlands County, US 27. The building is located in a high traffic area with excellent visibility. DOT traffic count of 33,000. This property is situated on 1.54 acres. The retail and warehouse unit comprises of 16,568 square feet, with a loading dock. It is currently occupied by a well known, exceptionally run Appliance and TV retailer. The back building encompasses 5 retail leasable units dimensions of 25 x 40, 3 currently leased with incremental upside opportunity. Also available for sale (See MLS #313021). Potential sale leaseback opportunity.
Musselman Appliance and TV is a locally owned and operated company that has been in business for over 25 years. The company has grown to 11 employees and has over $3 million in annual sales. It is offered at 0.46 times revenue, with a clean balance sheet, no stale inventory, and solid profitability. Musselman’s has strong relationships with local builders, vendors, warranty companies and repeat retail consumers. The company is known for its reputation for exceptional customer service, and in depth product knowledge. It sells and services SpeedQueen, Electrolux, Frigidaire, Whirlpool, KitchenAid, Maytag, Amana and General Electric brands. Included in the sale are 2 delivery trucks and 2 service vehicles. Growth opportunities exist: 1) Expanding the service warranty side of the business. 2) The expansion of the website www.musselmanappliance.com. 3) The growth of Highlands County itself as it borders just south of Polk County the fastest growing county in Florida. The Building and Land are also available, (see MLS #313017). Financial Disclosure available to qualified buyers with a signed NDA.
Musselman Appliance and TV is a locally owned and operated company that has been in business for over 25 years. The company has grown to 11 employees and has over $3 million in annual sales. It is offered at 0.46 times revenue, with a clean balance sheet, no stale inventory, and solid profitability. Musselman’s has strong relationships with local builders, vendors, warranty companies and repeat retail consumers. The company is known for its reputation for exceptional customer service, and in depth product knowledge. It sells and services SpeedQueen, Electrolux, Frigidaire, Whirlpool, KitchenAid, Maytag, Amana and General Electric brands. Included in the sale are 2 delivery trucks and 2 service vehicles. Growth opportunities exist: 1) Expanding the service warranty side of the business. 2) The expansion of the website www.musselmanappliance.com. 3) The growth of Highlands County itself as it borders just south of Polk County the fastest growing county in Florida. The Building and Land are also available, (see MLS #313017). Financial Disclosure available to qualified buyers with a signed NDA.
PROPERTY FACTS
| Price | $4,500,000 |
| Price / SF | $235.92 / SF |
| Cap Rate | 5.77% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,074 SF |
| Total Land Area | 2.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4230 Us-27, Sebring, FL 33870 | Retail | 14,363 SF | 2004 | - |
| 4228-4231 Commercial Dr, Sebring, FL 33870 | Industrial | 4,711 SF | 1986 | - |
