About This Home
This 42-bedroom, 42-bathroom multi-family at 1001 Lakeview Drive in Sebring, FL is listed for $4,500,000. Built in 1972, on a 2.95 acres lot.
Key Features
- Built in 1972
- 2.95 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$24,067/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1001 Lakeview Drive
Sebring, FL 33870
Property Details
Flooring
Construction
Views
Heating
Cooling
Questions & Answers
This 42-bedroom, 42-bathroom multi-family at 1001 Lakeview Drive is listed at $4,500,000. The estimated monthly payment is $24,067 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1972, 2.95 acre lot, 2 stories.
This property is listed by Gregory Karlson and can be reached at 8633814932.