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101 Overlook Drive 101 Overlook Dr 7,560 SF 100% Leased Retail Building Winter Haven, FL 33884 $1,825,000 ($241.40/SF) 7.13% Cap Rate
INVESTMENT HIGHLIGHTS
- Well-Maintained Asset: Consistently maintained with refreshed interiors • First time on the market in almost 25 years
- Parking & Site Features: Situated on 0.57 acres • Large parking field with 29 dedicated spaces • Convenient access for both residential and commercial
- Prime Location & Visibility: 230 feet of direct frontage on Overlook Drive • Less than two miles from LEGOLAND and Peppa Pig Theme Park
- Strong Market Fundamentals: Polk County is the fastest-growing county in Florida • 18%+ population growth projected within a 1-mile radius
EXECUTIVE SUMMARY
Franklin Street is pleased to present 101 Overlook Drive, a 7,560-square-foot mixed-use building in Winter Haven, Florida. The property features six residential units and four ground-floor commercial suites, and is currently 100% occupied.
Situated on 0.57 acres with 230 feet of frontage along Overlook Drive, the site offers excellent visibility and a large parking field with 29 spaces. The property is less than two miles from LEGOLAND Florida Resort and the Peppa Pig Theme Park, benefitting from strong year-round tourism drivers.
Offered for the first time in over 20 years, 101 Overlook Drive represents a rare opportunity to acquire a well-maintained mixed-use building in Polk County—Florida’s fastest-growing county— with over 18% projected population growth in the immediate area over the next five years
Situated on 0.57 acres with 230 feet of frontage along Overlook Drive, the site offers excellent visibility and a large parking field with 29 spaces. The property is less than two miles from LEGOLAND Florida Resort and the Peppa Pig Theme Park, benefitting from strong year-round tourism drivers.
Offered for the first time in over 20 years, 101 Overlook Drive represents a rare opportunity to acquire a well-maintained mixed-use building in Polk County—Florida’s fastest-growing county— with over 18% projected population growth in the immediate area over the next five years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,560 SF
Building Class
C
Year Built
1984
Price
$1,825,000
Price Per SF
$241.40
Cap Rate
7.13%
NOI
$130,040
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.57 AC
Zoning
PUD - planned unit development
Parking
20 Spaces (2.65 Spaces per 1,000 SF Leased)
Frontage
212’ on Overlook Dr
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- First Step Therapy
- Health Care and Social Assistance
- -
- -
- -
- Hello Beautiful Hair Studio
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| First Step Therapy | Health Care and Social Assistance | - | - | - | ||
| Hello Beautiful Hair Studio | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 26-28-35-662500-000224 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $472,832 |
PROPERTY TAXES
Parcel Number
26-28-35-662500-000224
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$472,832
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101 Overlook Drive | 101 Overlook Dr
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