WINTER HAVEN, FL 33880 3545 RECKER HIGHWAY

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Presented By: CENTURY 21 J.W.MORTON R.E. with 352-726-6668. -
  • MLS# OM688892
  • 03/04/2025
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  • SQFT • 15,090

Home Details

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 manager’s 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 MSA—a 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.
Presented By: CENTURY 21 J.W.MORTON R.E. with 352-726-6668. -

Interior Features for 3545 RECKER HIGHWAY

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Flooringconcrete
Total Stories1

General for 3545 RECKER HIGHWAY

Additional Parcels Y/NNo
Building Area Unitssquare feet
Building Featuresbathrooms
Citywinter haven
Construction Materialsblock, brick
Coolingcentral air
Countypolk
Directionslocated in winter haven on recker highway
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptioncomm 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
Listing Termscash, trade
Living Area Unitssquare feet
Lot Size Square Feet42519
Lot Size Unitssquare feet
MLS Area33880 - winter haven/eloise/jpv/wahnetta
ModificationTimestamp2025-04-15t19:56:53.933z
New ConstructionNo
Number Of Units Total30
Ownershipcorporation
Possessionnegotiable
Property Conditioncompleted
Property Subtypewarehouse
Property Typecommercial sale
Roofmetal, shingle
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namerh bryson sub
Tax Annual Amount7767.09
Tax Lot15
Tax Year2023
Utilitiespublic
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1965
Zoningc

Exterior for 3545 RECKER HIGHWAY

Building Area Total15090
Foundation Detailsslab
Lot Dimensions215 x 200
Lot Size Acres0.98
Lot Size Area42519
Number of Buildings4
Parking Features19 to 30 spaces
Road Frontage Typehighway
Road Surface Typepaved
Water Sourcepublic

Additional Details

Price History

Jonathan Alsaka

Price $1,450,000
MLS#OM688892
List Date 03/04/2025
Property Type Commercial
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