Opportunity knocks! Two parcels totaling almost 14 acres. 5.58 acres zoned B3 located directly on US Hwy 27 with high visibility. Three buildings totaling close to 17,000 sf of commercial space. No vacancies. As well as the 8.39 acres located to the east known as 298 Raley Rd. Building 1 is freestanding & totals over 1,500 sf. Building 1 houses a single tenant that is at the start of a 5 yr lease backed on a government contract at top market value. Building 2 is over 6,300 sf & houses two tenants. One is the current owner, The Barrett Team, real estate office at the beginning of a 5 yr lease & the other is a custom audio shop on an annual lease. The real estate office has undergone a high end remodel from top to bottom. New lights, fixtures, porcelain and ceramic tile flooring, texture, cabinetry, doors, windows, a/c, landscape, etc. The entire exterior is freshly stucco'd & painted. Building 3 is 9,000 sf & houses a variety of tenants at various stages of lease. Multiple units have been remodeled & upgraded. New flooring, fixtures, paint, mini-splits, etc. There is a private gym, vegan kitchen, salon, mortgage lender, counselor, roofer, painter, etc. There are 2.6 acres that are high-fenced & gated currently used for storage and parking. Semi-trailers, RVs, boats, etc. Room to add more parking or storage containers to increase your return. This area is in the process of being resurfaced with asphalt millings. Metal roofs on all buildings. All building exteriors were painted. 298 Raley Rd has the diversity to make your vision a reality. Build it and they will come. Just off US 27 the piece is currently zoned B4 which is a rare zoning within the county. This would allow you to use the property for any business allowed in B1, B2, or B3 & more. This classification also has the potential to allow construction of accessory, residential units or multi-family units in accordance with the Highlands County guidelines. The parcels that border are zoned AU & I1 so if your business idea doesn't fit B4 zoning the county would consider a change in usage with the proper approvals. The railroad tracks run nearby. Not far from the Sebring Raceway & Airport. Would make a great location for a Central Florida distribution center. Less than 2 hours to Orlando, Tampa, West Palm Beach, Ft Myers, Cape Coral, Lakeland etc. Just over 3 hours to the port of Miami! Current rent roll brings in approx $17,000 per month. Owner pays water bill for the plaza approx $150/mo. There are 3 septic systems that have all been pumped & inspected. Taxes are $12,700 per year & property insurance runs $12,000. Waste service is $120 /mo. Considering current rental income & hard expenses, CAP rate at asking price is 7%. This property is also located in an Opportunity Zone which is a designation that promotes new development in certain areas & allows for tax sheltering options (please discuss details with a tax specialist).
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