Description
A truly exceptional investment opportunity offering rare dual-use potential in one of Highlands County’s most strategic and visible growth corridors. Fully renovated and currently vacant, this property provides immediate flexibility for redevelopment, leasing, or repositioning. Formerly operating as a four-unit multifamily property, the building has been completely updated throughout, featuring granite countertops, custom tile walk-in showers, new cabinetry, modern lighting, and brand-new A/C systems in all units. Turnkey foundation for investors who wish to activate income quickly or reposition the asset for a higher and better use.The unit mix is thoughtfully designed and highly versatile, including two efficiency units (one with a private office and one with a separate kitchen), a one-bedroom/one-bath unit with additional office or storage space, and a spacious two-bedroom/one-bath unit well suited for families or roommates. Live security surveillance is already in place.Situated on a large parcel with substantial unused land, the property’s B-2 commercial zoning allows for significant expansion potential. This creates a compelling opportunity to expand the existing footprint and increase density, positioning the property for long-term growth.Equally compelling is the site’s commercial zoning and commanding frontage on Highway 27, located between Sebring and Lake Placid and just minutes from the racetrack. This high-traffic corridor offers excellent visibility, accessibility, and regional connectivity, making the property an ideal candidate for a professional office hub, medical or administrative center, business headquarters, mixed-use redevelopment, or hybrid residential/commercial concept.The convergence of recent renovations, vacant possession, zoning flexibility, expansion capability, and prime highway exposure creates a rare investment profile with multiple pathways to value creation. Whether reimagined as a scaled multifamily asset, a thriving commercial operation, or a strategic mixed-use development, this property stands out as a canvas for investors who recognize location, adaptability, and long-term upside.This is more than a property—it is a high-impact opportunity designed for those with vision, precision, and the ability to capitalize on one of Highlands County’s most recognizable and traveled corridors.
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5BEDS
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0.7ACRES
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4BATHS
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01/2 BATHS
School Ratings & Info
Description
A truly exceptional investment opportunity offering rare dual-use potential in one of Highlands County’s most strategic and visible growth corridors. Fully renovated and currently vacant, this property provides immediate flexibility for redevelopment, leasing, or repositioning. Formerly operating as a four-unit multifamily property, the building has been completely updated throughout, featuring granite countertops, custom tile walk-in showers, new cabinetry, modern lighting, and brand-new A/C systems in all units. Turnkey foundation for investors who wish to activate income quickly or reposition the asset for a higher and better use.The unit mix is thoughtfully designed and highly versatile, including two efficiency units (one with a private office and one with a separate kitchen), a one-bedroom/one-bath unit with additional office or storage space, and a spacious two-bedroom/one-bath unit well suited for families or roommates. Live security surveillance is already in place.Situated on a large parcel with substantial unused land, the property’s B-2 commercial zoning allows for significant expansion potential. This creates a compelling opportunity to expand the existing footprint and increase density, positioning the property for long-term growth.Equally compelling is the site’s commercial zoning and commanding frontage on Highway 27, located between Sebring and Lake Placid and just minutes from the racetrack. This high-traffic corridor offers excellent visibility, accessibility, and regional connectivity, making the property an ideal candidate for a professional office hub, medical or administrative center, business headquarters, mixed-use redevelopment, or hybrid residential/commercial concept.The convergence of recent renovations, vacant possession, zoning flexibility, expansion capability, and prime highway exposure creates a rare investment profile with multiple pathways to value creation. Whether reimagined as a scaled multifamily asset, a thriving commercial operation, or a strategic mixed-use development, this property stands out as a canvas for investors who recognize location, adaptability, and long-term upside.This is more than a property—it is a high-impact opportunity designed for those with vision, precision, and the ability to capitalize on one of Highlands County’s most recognizable and traveled corridors.
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