Multi-Use Property on State Road

126 STATE ROAD 60 W, Lake Wales, FL 33853

View on Map

For Sale

$3,250,000

Retail - LAKE WALES, FL

Type:Retail

Property size:

17,600 SF

Lot size:

1.94 Acres

Price / SF:

$184/SF

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.
Residential home suitable for owner occupancy, rental income, or on‑site management.
Expansive land for business expansion, storage, redevelopment, parking, or outdoor storage.
Proximity to local businesses, retail centers, and residential communities.

We can help!

Listing Contact

Erin Floyd

For Sale

$3,250,000

Retail - LAKE WALES, FL

Type:Retail

Property size:

17,600 SF

Lot size:

1.94 Acres

Price / SF:

$184/SF

Added:: May 4, 2026
Days on Market:: 49
Last Refresh:: Jun 21 at 9:06 pm

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

We can help!

Listing Contact

Erin Floyd

Listing agent Erin Floyd License #3212218

Listing office COLDWELL BANKER REALTY 290 Cypress Gardens Blvd, SE, Winter Haven, FL

Listing date May 4, 2026

MLS# P4938614 Listing URL

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.
Residential home suitable for owner occupancy, rental income, or on‑site management.
Expansive land for business expansion, storage, redevelopment, parking, or outdoor storage.
Proximity to local businesses, retail centers, and residential communities.

Overview

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.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $198,198 @ 7.0% cap · market cap 6.10%

Second Best

Retail

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,647 @ 7.0% cap · market cap 6.08%

Theoretical Best

Office A

$4.23M

$3.70M – $4.93M (±1% cap)

NOI $296,060 @ 7.0% cap · market cap 9.11%

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

Property Profile Location Intelligence

Current Use by Public Records

Badcock Home Furniture ... Home Decor Store bealls Fashion Accessories Store

Suggested Use

Location Insight

Map
Local Demand

City: Lake Wales
County: Polk
State: Florida
Longitude: -81.593215
Latitude: 27.896967

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For sale
Mixed-use properties
FL
Lake Wales
33853
126 STATE ROAD 60 W

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.

126 STATE ROAD 60 W, Lake Wales, FL 33853

Retail - LAKE WALES, FL

Property Features for 126 STATE ROAD 60 W

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Property in Lake Wales

Mixed-Unit Multifamily Income Property

Furnished Restaurant in Lake Wales

Commercial Building in Downtown Lake Wales

Mixed-Use Property in Lake Wales

Lake Wales Organic Farm Opportunity

Historic Mixed-Use Building in Lake Wales

Historic Mixed-Use Building in Downtown

Gas Station & Truck Stop

Duplex with Screened Terraces

Renovated Duplex Investment Property

Well-Maintained Duplex Investment Opportunity

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