1001 Lakeview Drive, Sebring, FL 33870
- $4,500,000
- 17,537
- SqFt
- List Price
- $4,500,000
- MLS#
- L4964161
- Sq. Ft
- 17,537
- Lot Size
- 132,292
- Subtype
- Quadruplex
- County
- Highlands
- Community
- No Deed Restriction
- Subdivision
- Sunset Beach Sub
- Region
- Sebring
- Year Built
- 1972
Property Description
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.
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Additional Information
- Heating
- Heat Pump
- Cooling
- Wall/Window Unit(s)
- Roof
- Metal
- Sewer
- Public Sewer
- Water
- Lake Front
- Water View
- Yes
- Water Access
- Yes
- Exterior Features
- Other, Sidewalk
- Construction
- Block
- Living Area
- 17,537
Listing courtesy of ADVANTAGE REALTY 1. Contact: 863-386-1111