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Property 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 manager’s 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 MSA—a 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. Situated just 12 miles west of Lakeland, it enjoys close proximity to key commercial centers, which further enhances its appeal for prospective tenants. This property is positioned as a promising, growth-oriented investment. With month-to-month leases currently in place, a new owner has the flexibility to increase occupancy, stabilize rents, and optimize cash flow. This adaptability enables the realization of the property’s potential for a higher cap rate and substantial income growth, making it a compelling opportunity in the Lakeland-Winter Haven market.

Features
: Central Air
: Parking Spaces - 19 to 30
: Concrete
: Public Sewer
: Public
Address Map
US
FL
Polk
Winter Haven
33880
RECKER
3545
HIGHWAY
W82° 13' 47.6''
N28° 1' 19.5''
33880 - Winter Haven/Eloise/JPV/Wahnetta
C
Located in Winter Haven on Recker Highway
Additional Information
215X200
: Public
https://app.cloudpano.com/tours/1h VVec U9G
1
2024-11-06
30
: Slab
: Block, Brick
15090
Financial
7767.09
Listing Information
275501317
275500070
Cash,Trade
Active
2024-11-18T18:45:08Z
Stellar
: None
2024-11-06T20:31:12Z
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3545 HIGHWAY Winter Haven

3545 Recker Hwy, Winter Haven, Florida 33880

15,090
$1,500,000
Listing ID #OM688892
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : OM688892
Price : $1,500,000
Square Footage : 15,090
Year Built : 1965
Lot Area : 0.98 Acre
Status : Active
Office Name : CENTURY 21 J.W.MORTON R.E.
Agent Name : Elias Kirallah
Property Sub Type : Warehouse
Roof : Shingle, Metal
Listing Status : Active
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Erica Diaz Team

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Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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