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  • MLS#: 838713 ( CommercialSale )
  • Street Address: 3545 Recker Highway
  • Viewed: 39
  • Price: $1,450,000
  • Price sqft: $96
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 15090
  • Days On Market: 241
  • Additional Information
  • County: POLK
  • City: Winter Haven
  • Zipcode: 33880
  • Subdivision: Not On List
  • Provided by: Century 21 J.W.Morton R.E.
  • REALTOR® Association of Citrus County
  • DMCA Notice
  • Description
    The property comprises 30 units across four concrete buildings, totaling 15,090 square feet on 0.98 acres of mixed use Commercial/Industrial zoned land. The site includes three retail units, 25 storage/shop space units of various sizes, a managers apartment, and a single family residence, offering flexibility for both long and short term rentals. Strategically located on Recker Highway in Winter Haven, FL, this property features 215 feet of road frontage, a daily traffic count of 17,200 AADT, and 29 parking spaces. Accessibility is further enhanced by two ingress and egress points, improving traffic flow and attractiveness for both tenants and customers. With current occupancy at 40%, this property presents significant potential for growth through increased occupancy and rental adjustments to market rates. Financial data for 2023 reflects an Effective Gross Income (EGI) of $141,273 at a 6.1% cap rate, with trailing 2024 projections indicating an EGI of $151,773 at a 6.39 % cap rate. Anticipated improvements could potentially increase the cap rate to 11.62% at 100% occupancy, thereby enhancing return on investment. Located within the expanding Lakeland Winter Haven MSAa key logistics hub in Florida with a population of approximately 819,000 and an annual growth rate of 3.24%this property benefits from excellent access to major transportation routes, including the 570 Toll Road, US Hwy 92, Hwy 27, and Hwy 60. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Features
Possible Terms
  1. Cash
  2. Conventional
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
Covered Spaces
  1. 0.00
Current Use
  1. MiniStorage
  2. MixedUse
  3. Warehouse
Flooring
  1. Concrete
Garage Spaces
  1. 0.00
Insurance Expense
  1. 12100.00
Levels
  1. One
Living Area
  1. 0.00
Lot Features
  1. Acreage
  2. Flat
  3. MultipleLots
Area Major
  1. 30
Net Operating Income
  1. 95879.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 25-28-25-000000-032010
Parking Features
  1. ParkingSpaces
Pet Deposit
  1. 0.00
Possession
  1. Closing
Property Type
  1. CommercialSale
Roof
  1. Asphalt
  2. Metal
  3. Shingle
Security Deposit
  1. 0.00
Sewer
  1. PublicSewer
Tax Year
  1. 2024
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 39
Water Source
  1. Public
Year Built
  1. 1988
Zoning Code
  1. C
  2. IND