0.87 Acres Lot
0.87 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 321898
Style Two Story
Construction Status Average Condition
HOA Y/N No
Year Built 1957
Annual Tax Amount $7,690
Tax Year 2025
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Commercial
Property Description
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.
Location
State FL
County Highlands
Community Shopping
Interior
Interior Features Ceiling Fan(s), Handicap Access, Suspended Ceiling(s), Cable TV
Heating Central, Electric, Wall Furnace
Cooling Central Air, Electric, 1 Unit, Wall Unit(s)
Flooring Carpet, Linoleum, Vinyl
Fireplace No
Exterior
Parking Features Paved, Parking Available
Community Features Shopping
Utilities Available Cable Available
Water Access Desc Public
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Construction Status Average Condition
Others
Tax ID A-21-33-28-010-0170-0100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/heartland/321898
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