1522-1560 Lakeview Dr
Sebring, FL 33870
Towne Square Shopping Center · Retail Property For Sale

SVN Florida, Inc. is pleased to offer fee simple, unencumbered interest in Towne Center Square Shopping Center. This 116,423± retail shopping center has a diverse tenant-mix that features nationally recognized tenants such as Save-a-Lot and Dollar General. Local tenants include a CrossFit, salon, pharmacy, and laundromat. Constructed in 1979, Towne Square Shopping Center features multiple tenants occupying their respective space for over a decade. The property features 11.5± acres with 450± parking spaces available to patrons. Capital improvements are in excess of $4+MM, and include a John Manville roof with a 20 year warranty, updated facade, landscaping and lighting for the parking lot (2010). In August 2017, the center was re-painted and received facade repairs. This offering presents investors with a HUGE value-add opportunity. With varying lease expiration date, and an occupancy rate of 34%, this is a terrific opportunity for an investor looking for a shopping center with considerable upside potential. Towne Square Shopping Center is located on the SE corner of Kenilworth Blvd and Lakeview Drive, just 1/2 mile south of Downtown Sebring. Sebring International Raceway, America' s oldest road racing track, is located just 3± miles to the south.