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.
Property Features
Amenities
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: ADVANTAGE REALTY 1
Agency Contact: 863-386-1111
Shown By
Agent Name: Shelly Zeisel
Agent Phone: (904) 449-3505
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 25,715.47 per month $22,683.47 Principal & Interest $1,719.50 Property Tax $1,312.50 Homeowner's InsuranceChange Payment Information
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1001 Lakeview Drive | MLS# L4964161
This multi-family property located at 1001 Lakeview Drive, Sebring, FL 33870 is currently listed for sale with an asking price of $4,500,000. Search Sebring real estate on shellyzeisel.watsonrealtycorp.com today.