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    1303 Hesperides Rd Lake Wales, FL 33853

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    For Sale
    $950,000

    Recently renovated restaurant with equipment included in Lake Wales.

    Lot size:
    0.30 Acres

    Property Features for 1303 Hesperides Rd

    General Information

    Lot size
    0.30 Acres

    Source: KELLER WILLIAMS REALTY OF WH Agent David Reyes

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

    Overview

    Lake Wales Restaurant Opportunity

    This property, located in the heart of Lake Wales, is a recently renovated restaurant. It is zoned by the county with a FLU of LCC, allowing for childcare, office, government building, veterinary services, and medical services. A Drive Thru would be a C-2 use requiring approval by the zoning board. The location has served the community as Romeos Italian restaurant since 1986. The property is positioned in the Lake Wales medical district, near AdventHealth Hospital, AdventHealth Sports Med & Rehab, Rai care Center, and American Care Medical Center, and is also located near Hillcrest Elementary School. The location presents an opportunity to establish a lunch and dinner cuisine business. The restaurant is equipped to restart operations, including a walk-in cooler, two freezers, various refrigerators, a refrigerated wine dispenser, two pizza ovens, a deep fryer, a 10-burner commercial stove, two commercial ovens, a Hobart commercial mixer, and seating for 90 with chairs and tables for 100. The location sees 25,500 cars per day.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5613
    Latitude
    27.8942908

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    FAQs

    What type of property is this?
    Restaurant - Recently renovated restaurant with equipment included in Lake Wales.
    Where is this restaurant located?
    The property is located at 1303 Hesperides Rd Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Fantastic location in the heart of the Lake Wales medical district, near AdventHealth Hospital and other medical offices, plus Hillcrest Elementary School.; - High traffic volume of 25,500 cars per day provides excellent visibility and customer access.; - Existing restaurant infrastructure is ready for operation, including walk-in cooler, freezers, refrigerators, pizza ovens, commercial stove, ovens, and mixer.
    (863) 206-8278
    Request Owner's contact information
    1303 Hesperides Rd Lake Wales, FL 33853
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    Lake Wales, FL 33853
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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

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    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
    1303 Hesperides Rd Lake Wales, FL 33853
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