Fully Restored Multi-Tenant Retail Investment 315 E Summerlin St

Investment Highlights

Two Free-Standing Buildings 10,000 SF Parking Owner Lease-back 50% of Property Fully Refurbished 2020 100% Occupied 12,702 Gross Square Feet

Executive Summary

KW Commercial is pleased to offer for sale a fully leased historic commercial-retail, property in downtown Bartow, Florida. The free-standing property consists of a single parcel at the southeast corner of East Summerlin and South Wilson Avenue totaling .44 (+/-) acres. The property has been stylishly refurbished and is presently fully occupied by operating businesses. Two suites are used for retail purposes. Two additional suites are fully equipped restaurants sharing a common kitchen. One of the restaurant suites includes a 1,500 SF outdoor patio with canopy. The sale includes a 10 Year Sale-Leaseback agreement with the current owner, who operates the two restaurants. The second story of the two-story building is leased as a studio/office. The parcel is presently designated as Mixed-use, Commercial which allows for a broad range of commercial uses including retail/office or conversion to a mixed-use development. The 10,000 SF paved parking area can also be utilized for future development. The Future Land Use for the property is Commercial.? Additional development and value-add opportunities and features.? Please call broker for details.

• Sale Type    Investment
• Sale Condition    Sale Leaseback
• Property Type    Retail
• Property Subtype    Retail Retail General Retail Storefront Retail
• Building Size    11,472
• Building Class    C
• Year Built    1920
• Price    1,450,000
• Price Per SF    126
• Cap Rate    6.81
• NOI    98,785
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.60
• Land Acres    0.44 AC