104-118 Us Highway 27 S - Storefront Retail/Office FOR SALE


Avon Park, FL 33825
$1,200,000 USD
863-381-4932
104-118 Us Highway 27 S, Avon Park, FL for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

104-118 Us Highway 27 S
Avon Park, FL 33825


HIGHLIGHTS

  • VALUE-ADD RETAIL + SELF-STORAGE REDEVELOPMENT OPPORTUNITY – PRIME US-27 FRONTAGE Avon Park,FL.
  • Income While Investing for Upside Potential:nice mix of tenants including a hair salon, pet store, nail salon, Bingo Parlor plus other great tenants.
  • Corner Location:Diversified Income:Retail+Storage Upside There is great road frontage up front and fenced in rear parking

OVERVIEW

VALUE-ADD RETAIL + SELF-STORAGE REDEVELOPMENT OPPORTUNITY – PRIME US-27 FRONTAGE Rare chance to acquire a high-visibility commercial property along US-27 in Avon Park with exceptional redevelopment upside. The property currently features a 5,670 SF retail strip center fronting US-27, a 3,198 SF secondary building, and an 875 SF apartment, offering immediate income with significant repositioning potential. The proposed redevelopment concept transforms the property into a modern hybrid retail + self-storage facility, capitalizing on strong highway exposure and growing demand for climate-controlled storage. The concept includes 5 renovated retail suites along US-27, second-floor climate-controlled storage (~5,000 SF) above the retail, a signature tower/parapet feature visible from the highway, three neighborhood retail suites in the rear building, and a secure drive-up mini-storage courtyard (approx. 60–70 units) positioned behind the buildings. This configuration creates a diversified income property with multiple revenue streams from retail, climate storage, drive-up storage, and residential rental. Based on market rents and the proposed layout, the stabilized redevelopment scenario indicates the potential for significant income growth and value creation compared to the current under-market rents and vacancy.Upside Potential Proforma 8%+- Cap Rate /$214k+- NOI;Ideal buyers may include: 10 Federal Storage, Absolute Storage Management, Out O’ Space Storage, Prime Storage Group or Independant Operator affiliated with UHaul. Current below market rate tenants including a hair salon, pet store, nail salon, Bingo parlor,etc. Buyer to verify all information and perform independent due diligence. Directions: From Hammock Road take US 27 north to Avon Park to the property on the left this is a multi colored building. From Avon Park take Main Street to US 27 turn left and property will be on the right. Current tenants including a hair salon, pet store, nail salon, Bingo Parlor plus other great tenants.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C2

APN/PARCEL ID

A-21-33-28-010-0170-0100

ASK ABOUT THIS PROPERTY

Gregory KarlsonAdvantage Realty #1More Info
863-381-4932

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Gregory KarlsonAdvantage Realty #1More Info
863-381-4932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.