Multi-Use Property on State
126 STATE ROAD 60 W Lake Wales, FL 33853
126 STATE ROAD 60 W, Lake Wales, FL, 33853
$3,250,000
For Sale
$3,250,000
Retail - LAKE WALES, FL
Property Size17,600 SF
Lot Size1.94 Acres
Price / SF$184.66
Days on Market75
Property Features for 126 STATE ROAD 60 W
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- PF
- Standard status
- Active
- APN
- 27-30-02-903500-008404
- Size
- 17,600 SF
- Lot size
- 1.94 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 30289.85
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Building materials
- Concrete
- Architectural style
- Other
Listing Agency
COLDWELL BANKER REALTY
(863) 294-7541
290 Cypress Gardens Blvd, SE, Winter Haven, FL
Listed by
Erin Floyd · License #3212218
(863) 294-7541
Added: May 4 Checked: Jul 17 at 2:06 am
MLS# P4938614
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located in the heart of Lake Wales, this property is positioned along State Road 60. It features a well-established furniture showroom, a separate residential home, and land extending behind the main structure. The commercial building has a spacious, open-concept showroom floor and multiple private offices. A large warehouse in the rear provides space for storage, distribution, or light industrial use. Additional features include an on-site bathroom and a dedicated break room. The residential home is suitable for owner occupancy, rental income, or on-site management. The additional land expands possibilities for future development, parking, or outdoor storage. The property benefits from traffic flow and proximity to local businesses, retail centers, and residential communities. The property is a multi-use property with flexibility and room to grow. The lot size is 1.94 acres and the property size is 17,600 square feet.
Key Highlights
- Prime commercial location on highly traveled State Road 60 with outstanding visibility.
- Multi‑use property with established furniture showroom, residential home, and expansive land.
- Spacious, open‑concept showroom floor with private offices and large warehouse.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.5k | $19.80 |
| − Vacancy | −$31.4k | −$1.78 |
| EGI | $317.1k | $18.02 |
| − OpEx | −$118.9k | −$6.76 |
| NOI | $198.2k | $11.26 |
17,600 SF · lease $19.80/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.83M
$2.48M – $3.30M
NOI $198,198 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$2.82M
$2.47M – $3.29M
NOI $197,647 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $296,060 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Badcock Home Furniture ...
Home Decor Store
bealls
Men'S Clothing Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial property with showroom, warehouse, residential home, and land.
Where is this mixed-use property located?
The property is located at 126 STATE ROAD 60 W Lake Wales, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Prime commercial location on highly traveled State Road 60 with outstanding visibility.; Multi‑use property with established furniture showroom, residential home, and expansive land.; Spacious, open‑concept showroom floor with private offices and large warehouse.
