Office•Office Building•For Sale

280 Patterson Road in Haines City, Florida

280 Patterson Road, Haines City, Florida 33844

Sale Price $1,625,000
Sale Type Investment
Zoning Community Activity Center (CAC-NR)
Bldg Type Multi-Tenant
Class A
Year Built 2001
Year Renovated 2018
Stories 2
Vacancy 100%
Gross Bldg 11,640 SqFt
Land Area .95 Acres
This medical/professional complex, situated on .95 +/- acres along Highway 27, a major Central Florida thoroughfare, on Patterson Road in Haines City, Florida. It is in an area designated as the Four Corners. “The luxury vacation home market there booms along with residential and commercial development, feeding into Central Florida ’s ranking as one of the fastest growing regions in the U.S. ” (osceola News-Gazette, 11/4/18) The building is situated at the entrance to a large medical complex with average traffic counts of 48,000 cars per day. The site is approximately 2 miles south from the Heart of Florida Regional Medical Center and is surrounded by numerous medical office complexes, big box retailers and residential communities. Zoned Commercial Activity Center (CAC), the best use of the site is a medical/professional complex. Built in 2001 the building features a base area of 10,005+/- heated sf and 1,635+/- sf of canopy that covers a walkway on three sides of the building for a combined total of 11,640+/- sf. A new roof was installed in August of 2018 with a 40 year warranty. Heart of Florida Regional Medical Center, a tenant since 2002, occupies 6,100+/- sf consisting of two suites, one The Center for Hyperbaric Oxygen and Wound Care and the other a large physician ’s office. The National Alzheimers Association is also a tenant and has a long-term lease. The interior finishes of all offices in the building are modern and are in excellent repair. The property is comprised of six suites and is 100% occupied today. An owner/user will have the opportunity to occupy a 2,600 square foot office which is completely finished out for a physician or other professional at the end of this year if they wish. The rental income can cover all of the operating expenses and debt service while netting a profit, therefore owning the complex with little more than a down payment. The current owner is also willing and would prefer to finance the purchase to the right buyer with a moderate down payment. This is a great opportunity to acquire a stable investment and has excellent upside potential as the rents are all below market rate. Located in the Lakeland - Winter Haven MSA, between Tampa and Orlando, in the center of the I-4 Corridor. Subject property is located off US Hwy 27, that has a traffic count of 48,000 cars/day.
  • 0.95 +/- acres along Highway 27, a major Central Florida thoroughfare.
  • Combined total of 11,640+/- sf.
  • Situated at the entrance to a large medical complex with average traffic counts of 48,000 cars per day.
2/4/2020 1:04:51 PM 2/4/2020 4:24:51 PM
Eric Ammon
Associate Broker
SVN Saunders Ralston Dantzler Real Estate
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