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3545 Recker Highway, WINTER HAVEN, FL 33880
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3545 Recker Highway
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Would you like to sell your current home before you purchase this one? Click Here Like this Property? Submit an Offer Now
Priced at Only: $1,500,000
For more Information Call: (352) 279-4408
Address: 3545 Recker Highway, WINTER HAVEN, FL 33880
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More Like This
  • MLS#: OM688892 ( Commercial Sale )
  • Street Address: 3545 Recker Highway
  • Viewed: 7
  • Price: $1,500,000
  • Price sqft: $99
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 15090
  • Days On Market: 45
  • Additional Information
  • Geolocation: 28.0221 / -81.7701
  • County: POLK
  • City: WINTER HAVEN
  • Zipcode: 33880
  • Subdivision: Rh Bryson Sub
  • Provided by: CENTURY 21 J.W.MORTON R.E.
  • Contact: Elias Kirallah
  • 352-726-6668
  • DMCA Notice
  • 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 managers 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 MSAa 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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Concrete
  • Living Area: 15090.00
  • Roof: Metal, Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 19 to 30
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Road Frontage Type: Highway
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 95879.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: COMM INT OF N LINE OF SE1/4 OF NW1/4 & N R/W SR 655 RUN SELY ALONG R/W 119.5 FT TO POB THENCE NELY AT A 90 DEG ANGLE 198.93 FT SELY PARALLEL TO N BNDRY SR 655 263.59 FT SWLY AT A 90 DEG ANGLE 199 FT TO R/W NWLY ALONG R/W 263.29 FT TO POB LESS W 50 FT THEREOF ABOVE DESC INCLUDES PT OF LOTS 15 & 16 OF BRYSONS R H SUB PB 4 PG 16 & BEG 751.64 FT E OF NW COR OF SE1/4 OF NW1/4 RUN SELY ALONG R/W 6.7 FT SWLY AT RT ANGLES 199 FT M/L TO SR R/W NWLY ALONG R/W 9 FT NELY 196.85 FT E 2.6 FT TO POB
  • Area Major: 33880 - Winter Haven/Eloise/JPV/Wahnetta
  • Parcel Number: 25-28-25-000000-032010
  • Possession: Negotiable
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Nearby Subdivisions
Asbury Park   Bryson R H Sub   Elnhil Add   Inwood   Kennedy Heights   Not On List   Overstreets Sub   Rh Bryson Sub   Winter Haven  
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  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com