104 US 27 HIGHWAY S, Avon Park, FL 33825
Great investment property in a prime location for redevelopment of multi store front retail units. INVESTORS, this property has so much money making potential. Seven Hwy 27 store fronts, upstairs apartment, & separate rear 3189 SF multi-room building. Property totally fenced with 6 ft high chain link fence with gate access for additional parking. One block south of Hwy 64/Main St in Avon Park. Several blocks to restaurants, CVS, Walgreens, financial institutions, convenient stores and other retail business. Nine blocks from the downtown district of Avon Park & the famous Jacaranda Restaurant. US Hwy 27 serves as a major traffic route for Highlands County, as well as North/South Florida traffic flow. Above the front retail stores is a two bedroom, 1 bath apartment with a separate back access stairs to the apartment. Apartment needs TLC and updating. The apartment has a large open roof deck. Each store front unit has individual meters for water, sewer and electric, as well as some window A/Cs. Store fronts need TLC, as renovations were halted. Back building has a new metal roof installed 2019, a total of 3 bathrooms & a very large screened in porch. Back building was once leased to a church for services & individual teaching rooms & as a meeting place for a Moose Lodge. Stores have been previously rented as Computer Shop, Pawn Shop, Hair/Nail Shop, Front store units total 5,184 SF, Apartment is 875 SF, Rear building is 3120 SF making a total of 9179 SF. This is only $106.22 a SF, NOT including the huge fenced parking lot in the rear. Renovation estimate on file.
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Competition is low in 33852, with homes selling 7% below asking price over the last three months. Three years ago, they were selling 7% below asking price.
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