1001 Lakeview Drive, Sebring, FL 33870

Sebring
Local realty services provided by:ERA American Suncoast
1001 Lakeview Drive,Sebring, FL 33870
$4,500,000
Virtual Tour
  • - Beds
  • - Baths
  • 17,537 sq. ft.
  • Multi-family
  • Active
Listed by: steve smith
Office: advantage realty 1
MLS#:L4964161
Source:MFRMLS

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$256.6

About this home

RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updating needed. Exceptional potential for upscale hotel/resort, timeshare, lakefront restaurant, retail or mixed commercial redevelopment, subject to approvals. Sebring continues expanding with new residential, industrial & national brands including BJ’s Wholesale, First Watch, Wawa & Culver’s, driving demand for lodging,...

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Home facts

  • Year built:1972
  • Subdivision & Development:SUNSET BEACH SUB
  • Listing ID #:L4964161
  • Added:50 day(s) ago
  • Updated:September 29, 2026 at 10:16 PM

Rooms and interior

  • Living area:17,537 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Heat Pump

Structure and exterior

  • Roof:Metal
  • Year built:1972
  • Building area:17,537 sq. ft.
  • Lot area:3.04 Acres
  • Construction Materials:Block
  • Exterior Features:Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$256.6
  • Tax amount:$20,635 (2025)

Features and amenities

  • Amenities:Cable Available, Electricity Available
  • Pool features:Public Pool
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