35 N 6th St
Haines City, FL 33844
Office Property For Sale

GREAT INVESTMENT OPPORTUNITY WITH SIGNIFICANT RENT AND VALUE UPSIDE in a high growth area. This well known local historic building, Consolidated Arcade, is a mixed use investment which contains six (6+) commercial (retail or office) spaces on the first floor, and eight (8) one bedroom apartments on the second floor (providing spacious living room, kitchen, bathroom and bedroom), most have been renovated. The Central Business District zoning allows a great variety of retail and office uses for the commercial spaces including restaurant use. The commercial spaces range in size from approx. 300 SF up to 1,600 SF and provide high ceilings and attractive historic trim finishes. Currently 100% occupied. The apartments are HIGHLY in demand, staying historically 100% occupied, with extremely short turnover period. All rents in both commercial spaces and apartments are below market and can easily be increased up to market which provides immediate higher returns and cash flow. Very little tenant turnover. All leases are 30 day lease terms which provide owner ability to increase rents (or end any leases) with a 30 day notice. Over the past 24 months the roof (and front overhang) has been re-coated with high quality coatings, all sash windows (over 35) weatherproofed with new screens, and the entire building re-painted. Property includes private parking area adjacent/behind building (entry off 7th St), a critical valuable amenity. As Haines City continues it's high growth trend and higher economic transformation, this Property will reward the owner with a great value-add, consistent, high return investment.