3311-3345 Medical Hill Rd
Sebring, FL 33870
Medical Hill Professional Plaza · Office Property For Sale

Subject property is in an Opportunity Zone. The Medical Hill Professional Plaza is a 12,350 square foot free standing medical/office building located at 3315 Medical Hill Rd. Sebring, Highlands County Florida 33870. The subject property was built in 2001 with concrete block and stucco exterior. The interior consists of painted drywall, acoustical drop down ceilings with carpet and vinyl flooring. There are five separate suites that are well suited for multiple medical office users and can accommodate professional office users as well. The property is well suited for an owner/user or investor looking for significant NOI growth through lease-up and stabilization.
THE PROPERTY HAS A NATIONAL TENANT IN PLACE, VITAS HEALTHCARE OF SOUTH FLORIDA. IN 2020 THEY COMPLETELY GUTTED 6,600 SQ. FT. OF THE BUILDING AND SPENT APPROXIMATELY $900,000 TO REMODEL.
The plaza is located on the west side of Medical Hill Rd., one block away from HCA Hospital and one block North of US Hwy 27, the main thoroughfare through Sebring. The subject's close proximity to the hospital and easy access to US Highway 27 give it a strong advantage in the market for the foreseeable future.
Recent capital improvements include a new roof in 2021 and six HVAC units in 2020. The parking lot was seal coated in 2021.
In 2020 VITAS HEALTHCARE, an "A" rated tenant entered into a 7 year lease with a 5 year option on 6,600 square feet of the subject property. They completely gutted the space including walls. plumbing, electrical, flooring and HVAC units. Total cost of remodel was in excess of $900,000.