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    1255 S Lake Shore Way Lake Alfred, FL 33850

    For Sale
    $599,000

    Hotel/Motel - LAKE ALFRED, FL

    Property size:
    2,768 SF
    Lot size:
    0.89 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1255 S Lake Shore Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    APN
    26-28-05-525500-008010
    Exterior features
    Paved
    Size
    2,768 SF
    Lot size
    0.89 Acres

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1954
    Building materials
    Concrete, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    CENTURY 21 Myers Realty (863) 875-5656 [email protected]

    Listing agent Brent Morse (863) 875-5656 License #3108388

    Listing date Nov 20, 2025

    MLS# P4937065 Listing URL

    Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Alfred Redevelopment Opportunity

    Located in Lake Alfred, this property presents an investment and redevelopment opportunity. The site spans 0.89 acres and includes nine guest-style cottage units suitable for short-term or long-term rentals. A separate utility shed provides additional storage or operational space. The property is zoned C-1. The existing structures, layout, and location make this property suitable for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. The location offers proximity to major thoroughfares, lakes, and Central Florida attractions. The property offers 2768 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lakeside Villas Hotel

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lakeside Villas

    Location Insight

    • Map
    • Local Demand
    City
    Lake Alfred
    County
    Polk
    State
    Florida
    Longitude
    -81.730812
    Latitude
    28.077359

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    FAQs

    What type of property is this?
    Motel - 0.89 acres with guest cottages, prime redevelopment opportunity.
    Where is this motel located?
    The property is located at 1255 S Lake Shore Way Lake Alfred, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Prime 0.89-acre redevelopment opportunity in Lake Alfred.; - Nine existing guest-style cottage units for flexible rental income.; - Ideal for redevelopment into motel, multi-unit lodging, boutique cottages, or mixed-use commercial.
    (863) 875-5656
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    1255 S Lake Shore Way Lake Alfred, FL 33850
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1255 S Lake Shore Way Lake Alfred, FL 33850
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