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Downtown Winter Haven Investment Portfolio

290 1st Street S., Winter Haven, Florida 33880
Sold: $500,000
Downtown Winter Haven Investment Portfolio

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
4,610 sqft
Land Size
0.36 acres
Zoning
Primary Activity Center
Year Built
1959

Property Description

Great investment opportunity! The property includes two recently renovated buildings. The recent updates include all new drywall, paint, electrical, flooring, A/C, windows, and roof. In addition, the buildings are currently generating an annual income of $64,000.

Building 1 is a 3,660 ± SF two-story flexible floor plan with open concept downstairs and individual rooms upstairs, including a kitchenette, half bath downstairs, and full bath upstairs. In addition, the upstairs office has completely new custom cabinets with high-end granite. Building 2 is a 940 ± SF square building offering a very open concept as well with a private kitchenette off the back entrance and a new bathroom.

  • NOI: $51,360
  • Corner property located at a lighted intersection
  • Healthy daily traffic at 29,000 ± cars per day
  • Building 1: 3,660 ± SF
  • 0.23 ± acres
  • 2 stories
  • 13 parking spaces
  • Building 2: 950 ± SF
  • 0.13 ± acres
  • 3 parking spaces

For more information please visit: SVN Saunders Ralston Dantzler

Location

Contact

Gary M. Ralston, CCIM, SIOR, CPM, CRE, CRRP, FRICS
Gary M. Ralston, CCIM, SIOR, CPM, CRE, CRRP, FRICS
Certified Commercial Realty