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    23607 Hwy 27 Lake Wales, FL 33859

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    For Sale
    $3,500,000

    Class A medical building with substantial renovations and highway access.

    Property size:
    11,760 SF
    Lot size:
    0.93 Acres

    Property Features for 23607 Hwy 27

    General Information

    Size
    11,760 SF
    Lot size
    0.93 Acres

    Source: First Capital Property Group, Inc Agent Trey Gravenstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Ready Medical Building

    This Class A, second-generation medical building features substantial medical interior renovations and is turn-key ready. The property offers direct access off Highway 27, which boasts an average annual daily traffic count of 47,500. It shares access with a Wawa at the signalized intersection of Chalet Suzanne Road and Highway 27. The building is strategically positioned close to Advent Health Lake Wales and is located 5 miles from FL-60 and FL-17 S, a main artery to surrounding trade areas. The medical buildout includes sizable exam rooms, procedure rooms, a surgery room, patient restrooms, physician offices, a staff lounge with a private restroom, a file room, and a large reception and waiting area. Building façade signage is available. The property size is 11,760 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    Ridge Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.6203752
    Latitude
    27.9552407

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    FAQs

    What type of property is this?
    Medical office - Class A medical building with substantial renovations and highway access.
    Where is this medical office located?
    The property is located at 23607 Hwy 27 Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Turn-key ready, Class “A” medical building with substantial medical interior renovations.; - Direct access off Highway 27 with high traffic volume (47,500 AADT) and shared access with Wawa at a signalized intersection.; - Strategically located close to Advent Health Lake Wales.
    (407) 872-0209
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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
    23607 Hwy 27 Lake Wales, FL 33859
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