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4040 US Highway 27 S
Sebring, FL 33870

$3,495,000 USD

Restaurant For Sale  •  4,155 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,155 SF
  • Lot Size 5.23 AC
  • Building Class B
  • Year Built 1999
  • Cap Rate 7.15 %
  • Zoning C1
0 Transit Score
33 Walk Score

Description

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 a 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 $1,000,000 from limited operations, serving only breakfast and lunch six days a week. 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 34,000–48,000 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 $1M+ 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.

Highlights

Fully operational restaurant with 27+ years of proven performance reporting $1M+ in annual revenues — turnkey going-concern or asset sale available
4,155 SF purpose-built restaurant on US-27 with 300+ LF of combined highway frontage and strong daily traffic visibility
Four-parcel, 5.35-acre commercial assemblage — individual parcel sales and bifurcated restaurant/land transactions considered
Located in a federally designated Opportunity Zone — significant tax advantages available to investors holding and improving real estate
Surplus 3.52-acre rear development tract with B3 commercial zoning and AU rezoning upside — hospitality, car wash, or mixed-use potential
Brokers fully protected — all reasonable offers and deal structures considered, including individual parcel sales

Property Flyers

Cap Rate: 7.15 %

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Sebring Amtrak Station (Silver Meteor - Amtrak, Silver Star - Amtrak) 6 min - 2.6 mi
Brad Kuskin 561-232-7899 GoCommercial
Brad Kuskin 561-232-7899 GoCommercial