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4040 US Highway 27 S - Operating Restaurant + Development Assemblage 4,155 SF Specialty Building Offered at $4,754,283 CAD at a 7.15% Cap Rate in Sebring, FL 33870

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Investment Highlights

  • Fully operational restaurant with 25+ years of proven performance reporting $2M+ in annual revenues — turnkey going-concern or asset sale available
  • Four-parcel, 5.35-acre commercial assemblage — individual parcel sales and bifurcated restaurant/land transactions considered
  • Surplus 3.52-acre rear development tract with B3 commercial zoning and AU rezoning upside — hospitality, car wash, or mixed-use potential
  • 4,155 SF purpose-built restaurant on US-27 with 300+ LF of combined highway frontage and strong daily traffic visibility
  • Located in a federally designated Opportunity Zone — significant tax advantages available to investors holding and improving real estate
  • Brokers fully protected — all reasonable offers and deal structures considered, including individual parcel sales

Executive Summary

This offering is priced at $3,495,000 for the full four-parcel assemblage and is the preferred transaction structure. However, the seller will consider individual parcel sales or a bifurcated sale separating the operating restaurant from the rear development parcels. Interested buyers should contact the listing broker to discuss parcel-specific pricing and availability.
FOUR PARCELS — OVERVIEW
Parcel 1 — 4040 US 27 S (Primary Restaurant Parcel)
Parcel ID: S-04-35-29-040-0010-0050 | Zone: C1, City of Sebring
±1.14 acres | 223 LF US-27 frontage | 4,155 SF operating restaurant building (1999 construction) | Fully operational going-concern diner reporting approximately $2,000,000 in annual revenues. This parcel constitutes the core operating asset and may be sold separately with or without the going-concern business.
Parcel 2 — 1009 Van Villa Ave (Rear Parking Parcel)
Parcel ID: C-04-35-29-040-00A0-0040 | Zone: B3, Highlands County
±0.46 acres | ~20,070 SF | Improved with ~10,180 SF of asphalt paving. Operationally integrated with Parcel 1 as the primary restaurant parking area. County records note this parcel "goes with" the highway restaurant parcel. Typically conveyed with Parcel 1 due to the existing parking lot, but may be separated by agreement.
Parcel 3 — 4070 US 27 S (Vacant Highway Frontage Pad)
Parcel ID: S-04-35-29-040-0010-0070 | Zone: C1, City of Sebring
±0.35 acres | 77 LF US-27 frontage | Vacant, shovel-ready commercial pad site adjacent to the restaurant building. Ideal for QSR drive-through, bank, medical clinic, or service retail. City of Sebring utilities are available. May be sold separately or as part of the full assemblage.
Parcel 4 — 1004 Van Villa Ave (Rear Development Tract)
Parcel ID: C-04-35-29-040-0010-0000 | Zone: AU / B3, Highlands County
±3.52 acres | Unimproved development land. Approximately 0.55 acres zoned B3 (General Commercial) and approximately 2.97 acres zoned AU (Agricultural/General). Strong rezoning candidate given contiguous commercial surroundings. Suitable for strip center, pad site development, or mixed-use commercial. May be sold separately as a land-only parcel.
BIFURCATED SALE OPTIONS
Option A — Restaurant Only (Parcels 1 + 2): The operating restaurant and its integrated parking parcel may be sold together as a standalone restaurant real estate and/or going-concern transaction. The business operations and goodwill can be transferred, or this may be sold strictly as an asset sale, transferring all existing restaurant infrastructure to implement a new restaurant concept.
Option B — Development Land Only (Parcels 3 + 4): The two surplus land parcels — the C1 highway frontage pad and the rear development acreage — may be sold together as a development land package.
Option C — Full Assemblage (All Four Parcels): Provides maximum site control, combined US-27 frontage, and full redevelopment optionality.
BUSINESS SALE NOTES | The operating diner business may be included in or excluded from any real estate transaction. A going-concern sale (business + real estate) and a real estate asset sale (real estate only, buyer installs concept) are both available. Business financials and FF&E inventory available to qualified buyers under NDA.

Property Facts

Price $4,754,283 CAD
Price Per SF $1,144.23 CAD
Sale Type Investment or Owner User
Cap Rate 7.15%
Sale Conditions
Bulk/Portfolio Sale
  • Business Value Included
  • Lease Option
  • Redevelopment Project
Property Type Specialty
Lot Size 5.35 AC
Building Size 4,155 SF
No. Stories 1
Year Built/Renovated 1999/2015
Opportunity Zone Yes
Zoning Mixed - Dual jurisdiction: C1 & B3 commercial zoning with AU acreage — strong rezoning candidate. Broad permitted use set along US-27 corridor.

Amenities

  • Controlled Access
  • Signage
  • Air Conditioning

About 4040 US HIGHWAY 27 S , SEBRING, FL 33870

Individual Parcel Sales Considered | All Reasonable Offers and Closing Terms Welcome GoCommercial is pleased to present the exclusive offering of the Sebring Diner and four-parcel commercial assemblage at 4040 US Highway 27 South in Sebring, Florida. This rare hybrid opportunity combines a fully operational, high-volume diner business, owner-user restaurant real estate, and approximately 5.35 acres of strategically positioned commercial land along Sebring's dominant US-27 corridor. OPERATING RESTAURANT | The anchor improvement is a purpose-built, 4,155 SF freestanding diner with over 25 years of proven operations at this location. Constructed in 1999 with steel frame / CBS construction, glass thermopane storefront, torch-down roofing, commercial quarry tile flooring, and packaged rooftop HVAC, the Sebring Diner reports annual revenues exceeding $2,000,000. The sale includes all FF&E necessary to operate the business on a turnkey basis: walk-in cooler/freezer, commercial range, convection ovens, triple deep fryers, flat top griddles, Hobart dishmachine, ice machines, POS registers, security system, outdoor patio seating, and a Watchfire full-color programmable pylon sign. The property may be structured as a going-concern business sale, a real estate asset sale, or a full assemblage redevelopment transaction. Drive-through conversion potential exists for buyers repositioning the concept, subject to applicable approvals. FOUR-PARCEL ASSEMBLAGE | The offering consists of four contiguous parcels under unified ownership totaling ±5.35 acres. Parcel 1 (4040 US 27 S) is the operating restaurant on ±1.14 acres with 223 LF of US-27 frontage, zoned C1 (City of Sebring). Parcel 2 (1009 Van Villa Ave) is an adjoining ±0.46-acre paved parking parcel with ~10,180 SF of asphalt, zoned B3 (Highlands County), operationally integrated with the restaurant. Parcel 3 (4070 US 27 S) is a vacant ±0.35-acre pad site with 77 LF of US-27 frontage, zoned C1 (City of Sebring) and Parcel 4 (1004 Van Villa Ave) is a ±3.52-acre rear development tract zoned B3 and AU (Highlands County), ready for QSR, car wash, self storage, bank, medical clinic, hotel, multifamily residential building, or neighborhood retail, presenting significant redevelopment and rezoning upside. DEVELOPMENT POTENTIAL | The surplus acreage supports multiple development pathways, including outparcel/pad site creation, multi-tenant strip center, QSR or drive-through development, medical/professional office, or phased mixed-use commercial redevelopment. The B3-zoned portion is immediately commercially usable; the AU acreage is a strong rezoning candidate given its location within an established commercial corridor contiguous with C1 and B3 properties. Located in a federally designated Opportunity Zone, offering significant tax advantages available to investors holding real estate long-term, including capital gains deferral and potential tax-free appreciation LOCATION | US-27 is Highlands County's primary commercial spine, carrying 20,000–25,000 vehicles per day and connecting Central to Southwest Florida. The property sits within one of Sebring's most active commercial nodes, with strong highway visibility, easy ingress/egress, proximity to established residential neighborhoods, and demand supported by Sebring International Raceway (50,000+ annual visitors). Sebring continues to benefit from Florida's sustained population in-migration, with Highlands County's retirement-oriented demographic generating consistent, repeat-visit dining demand. INVESTMENT STRATEGIES | Owner-operator acquisition with stabilized $2M+ revenue base. Hybrid hold-and-develop while entitling surplus acreage. Redevelopment or franchise repositioning on a 5.35-acre US-27 footprint. 1031 exchange into immediate cash flow with land upside. Ownership will sell any parcel and/or restaurant business individually. Brokers Protected. All reasonable terms and offers considered.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • S-04-35-29-040-0010-0070
  • C-04-35-29-040-00A0-0040
  • S-04-35-29-040-0010-0050
  • C-04-35-29-040-0010-0000
Land Assessment
$735,175 CAD
Improvements Assessment
$1,063,069 CAD
Total Assessment
$1,798,244 CAD
  • Listing ID: 39696309

  • Date on Market: 2026-03-07

  • Last Updated:

  • Address: 4040 US Highway 27 S, Sebring, FL 33870

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