About 1001 Lakeview Drive
RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.
Features of 1001 Lakeview Drive
| MLS® # | L4964161 |
|---|---|
| Price | $4,500,000 |
| Square Footage | 17,537 |
| Acres | 3.04 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Listing Details
| Office | ADVANTAGE REALTY 1 |
|---|
Listing Map
Neighborhood Information for 1001 Lakeview Drive
Nearby Military Facility(ies), Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
The Kindergarten Learning Center Public - Kindergarten to Kindergarten - Closest Elementry School |
1 Miles | |
|
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Heartland Christian Academy Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
|
St. Catherine Catholic School Catholic - Preschool to 6Th Grade |
1 Miles | |
|
Fred Wild Elementary School Public - 1St Grade to 5Th Grade |
1 Miles | |
|
Sebring High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
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The Academy At Youth Care Lane Public - 6Th Grade to 11Th Grade |
1 Miles | |
|
|
Sebring Middle School Public - 6Th Grade to 8Th Grade |
2 Miles |
School data provided by GreatSchools