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3023 CYPRESS GARDENS RD Winter Haven, FL 33884
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Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $150
Subdivision Eloise Woods West Lake Florence Unit
MLS Listing ID P4920058
Sold Date 05/23/22
Construction Status Inspections,Other Contract Contingencies
HOA Y/N No
Year Built 1990
Annual Tax Amount $16,655
Lot Size 1.030 Acres
Acres 1.03
Lot Dimensions 300x150
Property Description
Looking to make an investment in real estate in Winter Haven's booming economy? Then this established strip center might be the place for you. This 10 unit complex is located on Cypress Gardens Road one block from the main intersection of Cypress Gardens Blvd. This complex is conveniently located near Legoland Florida.
At current rent levels this property will boast a 6.10% CAP rate and there is some room for growth. Additionally, some tenants in this complex have been in place for over 10 years! If you are looking to make and investment in real estate this is where you might want to put your money.
Location
State FL
County Polk
Community Eloise Woods West Lake Florence Unit
Zoning R-1
Interior
Cooling Central Air
Exterior
Garage Over 30 Spaces
Waterfront false
Parking Type Over 30 Spaces
Building
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block
New Construction false
Construction Status Inspections,Other Contract Contingencies
Others
Ownership Other
Special Listing Condition None
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