US - Lubbock, TX
NZ$16,184,000 | 6,548 m²
The property, located directly across the street from the Lakeshore Mall, is surrounded by nearly 50,000 people within a five-mile radius, earning an average household income of $67,000+. Interstate-98, also known as US Highway-27 is the main north-south thoroughfare in Sebring, FL. The highway extends as for south as Miami, and heads north through the capital of Tallahassee, crossing the Florida-Georgia state line. Sebring is most known for the Sebring International Raceway (created on a former airbase), which hosts international sports car races, such as “The Ferrari Challenge” and “Creventic 24H.” Other attractions for tourists and locals alike are the countless number of golf courses which pepper the city and county, that includes a PGA course called the Sun-n-Lake Golf Club, less than four-miles North of the subject property. Between the tourist who are staying in a nearby hotel and the local residents, the property provides fast and reliable food service to patrons on a daily basis.
Positioned directly across the street and shares a traffic light with the 400,000 square-foot Lakeshore Mall on 73-acres
The property benefits from 115+ feet of frontage on US-27 (39,000+ VPD)
Motivated seller – the land and building
together are priced below replacement cost