USAFLSebring1001 Lakeview Dr
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$4,500,000

For Sale

7 days ago

1001 Lakeview Dr, Sebring, FL

Condo

MLS® 327097

42 Bed

42 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes $20,635
Days Active 7
Approx. Age 1972
MLS® Number 327097

Property Address: 1001 Lakeview Dr, Sebring, FL, 33870-7949

Average square foot calculated using Size range provided by listing agent.

Description

RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235, 872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging, retail & services. Secure this irreplaceable lakefront commercial site while existing improvements offer holding-income potential. BUY THE LOCATION, IMPROVE THE INCOME & POSITION FOR THE FUTURE! Buyer to verify zoning, uses, measurements & financials.
MLS® Number327097
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1972
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatWall Furnace
A/CWall Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 10, 2026List Date
$4,500,000List Price
-End Date
Not Sold YetSold Price

For Rent

Jul 1, 2025List Date
$800List Price
  • Commute

Commute

Starting Address
Destination Address
1001 Lakeview Dr, Sebring, FL

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