RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ's Wholesale, First Watch, Wawa & Culver's, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.
| MLS # | L4964161 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1972 |
| Days On Site | 67 |
| Listing Provided By | ADVANTAGE REALTY 1 | Steve Smith |
| SQ Feet | 17,537 |
|---|---|
| Zoning | MUQD |
| Acreage | 3.04 |
| Water Front | Yes |
| Property | 20634 |
|---|
| State | FL |
|---|---|
| County | Highlands |
| City | SEBRING |
| Zip Code | 33870 |
| Area | 33870 Sebring |
| Community Name | SUNSET BEACH SUB |
| Listing VS Median (in SUNSET BEACH SUB) | |
Price: $4,500,000 low | high Med: $1,500 sqft: 17,537 low | high Med: 1,350 $ / sqft: $257 low | high Med: $1 On site: 67 low | high Med: 472 | |
| State | FL |
|---|---|
| County | Highlands |
| City | SEBRING |
| Zip Code | 33870 |
| Area | 33870 Sebring |
| Community Name | SUNSET BEACH SUB |
| Listing VS Median (in SUNSET BEACH SUB) | |
Price: $4,500,000 low | high Med: $1,500 sqft: 17,537 low | high Med: 1,350 $ / sqft: $257 low | high Med: $1 On site: 67 low | high Med: 472 | |