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135 S Central Ave 5,880 SF 100% Leased Retail Building Bartow, FL 33830 $2,128,778 CAD ($362.04 CAD/SF) 10.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime downtown Bartow location with high visibility and walkability.
- Minutes from major attractions such as Disney and Legoland.
- Spacious four-bedroom residential unit with private access.
EXECUTIVE SUMMARY
Located in the heart of historic downtown Bartow, 135 E Central Avenue presents a rare and valuable opportunity for entrepreneurs and investors boasting a 10.78% CAP Rate. This multi-use building offers two street-level commercial units, each approximately 1,500 square feet, situated in a high-visibility area known for its walkability, charming boutiques, and steady foot and vehicle traffic. One of the units is occupied by “Sweet Magnolia’s,” a well-established café that has been a community favorite for over ten years. In addition to daily dining, Sweet Magnolia’s offers private parties, catering services, and maintains a strong presence and affiliation with downtown Bartow events and initiatives. The second commercial unit “Two Crazy Nuts” is the only Ice Cream shop in Bartow with additional specialties in chocolates, candy, boiled peanuts, candied nuts, pickles, lemonade, and other sweet treats, further enhancing the property’s income potential. These tenants have a five year rental history. The building is being sold turnkey, fully furnished with high-quality commercial kitchen and catering equipment, providing immediate operational capabilities for new ownership.
Above the commercial spaces, the second floor has been transformed into a spacious and homesteaded residential unit featuring four bedrooms, two bathrooms, an open-concept kitchen and family room, and a generous primary suite. The owner is willing to include the furnishings within the home as well. Each with their own private entrances makes these ideal Income producing properties individually or collectively as well.
Each of the three units—two commercial and one residential—has separate utility meters, HVAC systems, and private access, allowing for flexibility in leasing or personal use. The roof is approximately two years old, there is a dry wood termite bond in place on the building that is transferable, and designated parking for residents. Whether you're seeking to own and operate a business, expand your investment portfolio, or live in the upstairs residence while earning income from below, this property offers unmatched versatility and value in one of Bartow’s most desirable locations.
Above the commercial spaces, the second floor has been transformed into a spacious and homesteaded residential unit featuring four bedrooms, two bathrooms, an open-concept kitchen and family room, and a generous primary suite. The owner is willing to include the furnishings within the home as well. Each with their own private entrances makes these ideal Income producing properties individually or collectively as well.
Each of the three units—two commercial and one residential—has separate utility meters, HVAC systems, and private access, allowing for flexibility in leasing or personal use. The roof is approximately two years old, there is a dry wood termite bond in place on the building that is transferable, and designated parking for residents. Whether you're seeking to own and operate a business, expand your investment portfolio, or live in the upstairs residence while earning income from below, this property offers unmatched versatility and value in one of Bartow’s most desirable locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,880 SF
Building Class
C
Year Built/Renovated
1913/2000
Price
$2,128,778 CAD
Price Per SF
$362.04 CAD
Cap Rate
10.78%
NOI
$229,482 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.07 AC
Zoning
C1/R - Commercially zoned with upstairs homestead space available.
Parking
5 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
62’ on Central Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-30-05-384100-016014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $594,804 CAD |
PROPERTY TAXES
Parcel Number
25-30-05-384100-016014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$594,804 CAD
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