211 East Central Avenue
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Marketing description
Multi-tenant retail property located in downtown Winter Haven along Central Ave with strong visibility and traffic exceeding 11,000 vehicles per day. The building totals approximately 4,180 square feet and consists of four units, with two currently leased and two vacant.
The property offers immediate upside through lease-up of vacant space and rent increases on existing tenants who are below market. One available unit is already being marketed at $20 per square foot plus CAM, establishing a clear path to increased income.
At stabilization, the property has the potential to generate approximately $95,000+ in gross income. Flexible C-3 zoning allows for a wide range of uses including retail, restaurant, office, medical, and service-based businesses.
The building includes 12 parking spaces, rear alley access for deliveries, and separately metered electric for each unit. Landlord covers water, sewer, and trash.
Located within the downtown core near the Historic District, the property benefits from surrounding retail, restaurants, and ongoing redevelopment. Suitable for investors seeking a value-add opportunity with lease-up potential.
Investment highlights
INVESTMENT HIGHLIGHTS
Value-Add Retail Opportunity in Downtown Winter Haven
Positioned in the city’s primary commercial corridor with strong visibility and traffic counts exceeding 11,000 vehicles per day.
50% Vacancy with Immediate Lease-Up Upside
Updated AC mini splits on end unit
Two of four units are currently leased, allowing a new owner to significantly increase income through strategic tenant placement and lease-up.
Stabilized Gross Income Potential of ~$95,000+
Projected based on market rents of approximately $20/SF plus CAM reimbursements, providing a clear path to increased cash flow.
Below-Market In-Place Rents
Existing tenants are leasing below current market rates, creating an opportunity to increase revenue over time through renewals and repositioning.
Flexible Build-to-Suit Opportunities
Vacant units can be customized for incoming tenants, making the property attractive to a wide range of retail, office, medical, and service users.
Strong Tenant Demand Location
Located within the downtown core near the Historic District, surrounded by restaurants, retail, and ongoing redevelopment.
C-3 Zoning Allows Diverse Uses
Permitted uses include retail, restaurant, medical, office, fitness, and service-based businesses, maximizing leasing flexibility.
Efficient Operating Structure
Tenants pay their own electric, while landlord covers water, sewer, and trash, simplifying management and maintaining competitive lease structures.
On-Site Parking + Rear Access
12 parking spaces with rear alley access for deliveries, supporting a variety of tenant types.
Attractive Entry Price with Upside Potential
Offered at $749,900, providing investors the ability to acquire below stabilized value and force appreciation through lease-up.
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