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Corner Development Land with Retail Potential
For Sale
$299,000

DOHERTY Drive, Lake Wales, FL 33898

LAND - LAKE WALES, FL

Lot Size5.73 Acres
Days on Market320

Property Features for DOHERTY Drive

General Information

Property type Land
Property subtype Other
Zoning ARR
Subdivision LAKE HAVEN ACRES
Directions At the intersection of SR 60 and Doherty Dr.
Standard status Active
APN 29-30-16-992665-000580
Lot size 5.73 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LAKE HAVEN ACRES PB 71 PGS 12 THRU 15 LYING IN SECTIONS 9 15 16 21 & 22 T30 R29 LOT 58 LESS R/W FOR SR 60
Tax Annual Amount 1027
Legal Description LAKE HAVEN ACRES PB 71 PGS 12 THRU 15 LYING IN SECTIONS 9 15 16 21 & 22 T30 R29 LOT 58 LESS R/W FOR SR 60

Utilities

Utilities Electricity Available
Sewer type Septic Needed
Water source Well Needed
Listing Agency: SIGNATURE REALTY ASSOCIATES
Listed By: Feng Wu · License #3448723
Added: Sep 15, 2025 Changed: Jul 20 Last Checked: Jul 31 at 6:06PM
MLS# TB8427879

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.

This is a 5.73-acre corner development lot in Lake Wales, positioned at the intersection of SR 60 and Doherty Dr. The property is currently zoned Agriculture/Rural Residential (ARR), which allows a range of land uses, including options such as religious institutions, isolated convenience stores, and mobile home parks, subject to the allowable uses shown in the ARR attachment. Flood zone X is indicated for the site.

The lot offers approximately 381 feet of frontage along SR 60 with strong, unobstructed visibility. Annual Average Daily Traffic is cited as 13,700–16,800 AADT, and ingress/egress is described as convenient due to the corner positioning with turn lanes and median cuts. Doherty Dr. is the only access road leading into a 1,400-unit residential community.

Utility information is not provided for the site itself, though Gold Coast Utilities is noted as nearby and willing to extend utilities to the property.

Key Highlights

  • 5.73‑acre corner lot at the intersection of SR 60 and Doherty Dr in Lake Wales
  • 381 ft of frontage along SR 60 with strong visibility and easy ingress/egress from the corner position
  • Traffic count on SR 60 of 13,700–16,800 Annual Average Daily Traffic (AADT)

Property Analytics

Current Use

Commercial land

Lease Details

16,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 33898, FL

17,971
Population
10,080
Households
1.8
Avg Household Size
51
Median Age
17%
College-Educated
85%
High-School Grad
296.9 sq mi
ZIP Area
61
Density / Sq Mi
$54,778
Median Household Income
$32,414
Median Earnings
$1,122
Median Rent
$161,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Corner lot with 381 feet of frontage on SR 60 and access from Doherty Drive for flexible development under ARR zoning.
Where is this commercial land located?
The property is located at DOHERTY Drive Lake Wales, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 5.73‑acre corner lot at the intersection of SR 60 and Doherty Dr in Lake Wales; 381 ft of frontage along SR 60 with strong visibility and easy ingress/egress from the corner position; Traffic count on SR 60 of 13,700–16,800 Annual Average Daily Traffic (AADT)
More about this property
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