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DeSoto Square 3210 US 27 S hwy 47,150 SF 100% Leased Retail Building Sebring, FL 33870 $4,433,289 ($94.03/SF) 9% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Opportunity to acquire an 92% occupied shopping center on approximately 4.24 acres of land fronting US Highway 27 S (33,000 AADT), Sebring, FL.
  • DeSoto is being offered free and clear of existing debt
  • Conveniently located in a dense and affluent submarket that contains a population of more than 38,900 and a household income of over 82,000

EXECUTIVE SUMMARY

RMC is pleased to offer for sale DeSoto Square Shopping Center (“The Center”), a 47,150 square-foot shopping center located in Sebring, FL. This offering provides investors the opportunity to acquire a 92% occupied shopping center in the mature and infill Sebring, FL market. The center has a prominent location along US Highway 27 (33,000 AADT), which is a main retail corridor in Sebring that serves as a prime recreational destination for the submarket. The Center has great visibility and access along US Highway 27 Sebring.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
47,150 SF
Building Class
C
Year Built
1987
Price
$4,433,289
Price Per SF
$94.03
Cap Rate
9%
NOI
$398,996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
4.24 AC
Opportunity Zone
Yes
Zoning
C1 - General Commercial
Frontage
300’ on Desoto Road

AMENITIES

  • Accent Lighting

NEARBY MAJOR RETAILERS

Village Inn
Publix
Truist
SouthState Bank
Cross Fit Sebring

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
S-05-35-29-A00-0023-0000
Land Assessment
$0
Improvements Assessment
$2,346,429
Total Assessment
$2,346,429
  • Listing ID: 33273124

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 3210 US 27 S hwy, Sebring, FL 33870

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