16905 Hwy 27 Lake Wales, FL 33859

This commercially zoned property in Lake Wales, Florida, offers immediate revenue and future expansion possibilities. Situated on a 2.33-acre parcel, the property features 9 fully leased hotel units, a 3-bedroom Inn keepers' home, and a commercial restaurant with a banquet hall. There are also two efficiency units to be completed, and the possibility to rebuild 10 rooms that were demolished after a fire, which will significantly increase income potential. The property includes a fully functional commercial kitchen, an oversized dining room/banquet hall, and a fully equipped bar, suitable for a restaurant, banquet hall, or event space. The kitchen previously operated as a successful Jamaican restaurant for three years. The property's features enhance its income potential and provide a versatile venue for various business ventures. The location on the Highway 27 corridor positions it for future development, potentially for a future hotel. All leases on the property are month to month. The seller is working on leasing the remaining units and the restaurant and lounge, to get the property operating at full income potential. The property includes 11 hotel rooms, 1 single family home, and a commercial restaurant to be rented. The restaurant is currently rented month to month as of January 2025.