10% Cap Commercial/Residential Investment
274 W. Central Avenue, Winter Haven, Florida 33880
Sold: $890,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
10,000 sqft
Land Size
0.15 acres
Zoning
Office/Commercial Residential
Year Built
1924
Roof
Flat/New since 2008
Parking
Street and City Parking Garage
Lease Type
989000
Property Description
Beautifully remodeled and decorated commercial/residential mixed use investment offered for sale. There are 16 offices downstairs and the 2nd floor in upscale residential lofts. Located in the middle of downtown one block south of the brand new public parking garage. Call for rent roles.
- Tenant mix includes: Real Estate, Law Firms, and Counseling
- 10,000 leasable square feet
- Residential lofts on the second floor
- All office space on ground floor
- All new air/heat since 2006
- Roof only a few years old replaced October 2008
- 100% leased on the second floor
- 2011 Taxes $7,605
- 8.4% CAP Rate