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3545 Recker Highway, Winter Haven, FL 33880
sale
$1,450,000
|
Commercial-Other
Listed By CENTURY 21 J W Morton Real Estate, Inc.
The property comprises 30 units across four concrete buildings, totaling 15,090 square feet on 0.98 acres of mixed-use Commercial/Industrial-zoned land. The site includes three retail units, 25 storage/shop space units of various sizes, a manager's apartment, and a single-family residence, offering flexibility for both long- and short-term rentals. Strategically located on Recker Highway in Winter Haven, FL, this property features 215 feet of road frontage, a daily traffic count of 17,200 AADT, and 29 parking spaces. Accessibility is further enhanced by two ingress and egress points, improving traffic flow and attractiveness for both tenants and customers. With current occupancy at 40%, this property presents significant potential for growth through increased occupancy and rental adjustments to market rates. Financial data for 2023 reflects an Effective Gross Income (EGI) of $141,273 at a 6.1% cap rate, with trailing 2024 projections indicating an EGI of $151,773 at a 6.39 % cap rate. Anticipated improvements could potentially increase the cap rate to 11.62% at 100% occupancy, thereby enhancing return on investment. Located within the expanding Lakeland-Winter Haven MSA-a key logistics hub in Florida with a population of approximately 819,000 and an annual growth rate of 3.24%-this property benefits from excellent access to major transportation routes, including the 570 Toll Road, US Hwy 92, Hwy 27, and Hwy 60. Situated just 12 miles west of Lakeland, it enjoys close proximity to key commercial centers, which further enhances its appeal for prospective tenants. This property is positioned as a promising, growth-oriented investment. With month-to-month leases currently in place, a new owner has the flexibility to increase occupancy, stabilize rents, and optimize cash flow. This adaptability enables the realization of the property's potential for a higher cap rate and substantial income growth, making it a compelling opportunity in the Lakeland-Winter Haven market.
Contact Professional
Property Features
- Available Floors: 1
- Cooling: Central A/C
- Cross Docks: N
- Development ID: Not On List
- Exterior Description: Concrete Block
- Exterior Description: Other
- Flooring: Concrete
- For Auction: N
- Heating - Fuel Type: Other
- Lot Size In Text: 0.98 Acres
- MLSID: 838713
- Parking Places: 29
- Price Upon Request: N
- Roof: Asphalt / Fiberglass
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $7336.48
- Year Built: 1988
- Zoning: C,IND
Directions to This Property
3545 Recker Highway, Winter Haven, FL 33880
Demographic Data for 3545 Recker Highway, Winter Haven, FL 33880
Average Age
37
Married
42%
Number of Homes
17,445
Homes with Children
36.14%
Occupation Type
Transportation to Work
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Elias Kirallah
CENTURY 21 J W Morton Real Estate, Inc.
Commercial Specialist
p:
352-726-6668
m:
352-400-2635
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