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$1,450,000 • living size area 15090 sqft
The property comprises 30 units across four concrete buildings, totaling 15,090 square feet on 0.98 acres of mixed-use commercial/industrial-zoned land. the site includes three retail units, 25 storage/shop space units of various sizes, a manager’s apartment, and a single-family residence, offering flexibility for both long- and short-term rentals. strategically located on recker highway in winter haven, fl, this property features 215 feet of road frontage, a daily traffic count of 17,200 aadt, and 29 parking spaces. accessibility is further enhanced by two ingress and egress points, improving traffic flow and attractiveness for both tenants and customers. with current occupancy at 40%, this property presents significant potential for growth through increased occupancy and rental adjustments to market rates. financial data for 2023 reflects an effective gross income (egi) of $141,273 at a 6.1% cap rate, with trailing 2024 projections indicating an egi of $151,773 at a 6.39 % cap rate. anticipated improvements could potentially increase the cap rate to 11.62% at 100% occupancy, thereby enhancing return on investment. located within the expanding lakeland-winter haven msa—a key logistics hub in florida with a population of approximately 819,000 and an annual growth rate of 3.24%—this property benefits from excellent access to major transportation routes, including the 570 toll road, us hwy 92, hwy 27, and hwy 60. situated just 12 miles west of lakeland, it enjoys close proximity to key commercial centers, which further enhances its appeal for prospective tenants. this property is positioned as a promising, growth-oriented investment. with month-to-month leases currently in place, a new owner has the flexibility to increase occupancy, stabilize rents, and optimize cash flow. this adaptability enables the realization of the property's potential for a higher cap rate and substantial income growth, making it a compelling opportunity in the lakeland-winter haven market.Commercial - RH BRYSON SUB for Sale
3545 RECKER, WINTER HAVEN, FL 33880
Asking Price$1,450,000 Change Price$50,000
Share by:
- Living 15090sqft
- Lot size 42519sqft
- Taxes: Register to see
- Year Built 1965
-
Days on market:
118 day(s) Original Price:
$1,500,000-
Price per sqft:
$96.09 Tax Legal Description:
COMM INT OF N LINE OF SE1/4 OF NW1/4 & N R/W SR 655 RUN SELY ALONG R/W 119.5 FT TO POB THENCE NELY AT A 90 DEG ANGLE 198.93 FT SELY PARALLEL TO N BNDRY SR 655 263.59 FT SWLY AT A 90 DEG ANGLE 199 FT TO R/W NWLY ALONG R/W 263.29 FT TO POB LESS W 50 FT THEREOF ABOVE DESC INCLUDES PT OF LOTS 15 & 16 OF BRYSONS R H SUB PB 4 PG 16 & BEG 751.64 FT E OF NW COR OF SE1/4 OF NW1/4 RUN SELY ALONG R/W 6.7 FT SWLY AT RT ANGLES 199 FT M/L TO SR R/W NWLY ALONG R/W 9 FT NELY 196.85 FT E 2.6 FT TO POBTax Year:
2023-
MLS:
OM688892 -
Property Type:
Commercial -
Parking:
19 to 30 Spaces
Construction Type:
BrickBlockRoof:
ShingleMetalCooling Description:
Central AirFloor Description:
ConcreteSpecial Listing Conditions:
None
