Commercial property with leases and $2800.00/ month, $33,600/year gross income with an 8.73% cap rate. Located in central City Limits of Frostproof along famed Scenic Hwy/ Hwy 17. There are four separate commercial businesses occupying two separate buildings. The leases are for three of the long terms tenant occupant while the 4th tenant sub leases from another tenant. This property has been with the same family for several decades. Through the years, it has served the community as a grocery store, convenient store, hair salon, electric company office, daycare and rehab facility. Building A) is 3200 square feet that houses a medical clinic and physical therapy rehab office with large exercise room, two offices 5 exam rooms, breakroom and three restrooms. Building B) has 3130 square feet and currently houses a hair salon and a closed Daycare. There is ample parking located on all four sides of the building including a small covered area along the south side. Each tenant pays for their own metered utilities: electric, water, sewer and garbage. Must have proof of funds and or prequalified letter in order to get an appointment to show and to get rental information. Please respect the tenants and owners and not trespass inside the businesses without an appointment. Thank you.
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