Hotel-Inn with Lake
21380 US Hwy 27 Lake Wales, FL 33859
21380 US Hwy 27, Lake Wales, FL, 33859
Contact for pricing
For Sale
Contact for pricing
Pending
Independent inn with 56 units on about nine acres, featuring a pool, tennis courts, and access to a 60-acre lake.
Lot Size9.00 Acres
Days on Market103
Property Features for 21380 US Hwy 27
General Information
- Standard status
- Pending
- Lot size
- 9.00 Acres
- Property subtype
- Hospitality
Listing agency
Commercial Real Estate Exchange
Listed by
CREXi Auction Specialist · License #--
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:06AM Checked: Jul 21 at 5:06AM
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Investment Insights
Based on property information with market context.
The Green Gables Inn is an independent, no-franchise hospitality property with 56 units on approximately nine acres. The property includes a large swimming pool and two exterior tennis courts. Guest room interiors have been recently updated with new carpet, bedding, most furniture, TVs, and A/C units, and the property is described as continuously being improved.
The site provides access to a 60-acre lake in the rear portion of the property. The ownership also notes an additional opportunity tied to an existing 35-person meeting room and an undeveloped portion of acreage that abuts the lake.
The property is being offered for sale with potential redevelopment considerations, including the possibility of conversion to an ALF-type assisted living concept or related entities, and the seller will consider a possible joint venture redevelopment. Auction terms referenced include a non-contingent earnest money deposit of 10% of the winning bid amount and a platform fee of 5% of the winning bid amount, with additional auction participation requirements.
The site provides access to a 60-acre lake in the rear portion of the property. The ownership also notes an additional opportunity tied to an existing 35-person meeting room and an undeveloped portion of acreage that abuts the lake.
The property is being offered for sale with potential redevelopment considerations, including the possibility of conversion to an ALF-type assisted living concept or related entities, and the seller will consider a possible joint venture redevelopment. Auction terms referenced include a non-contingent earnest money deposit of 10% of the winning bid amount and a platform fee of 5% of the winning bid amount, with additional auction participation requirements.
Key Highlights
- Green Gables Inn has 56 units on approximately 9 acres.
- Includes a large swimming pool and two exterior tennis courts.
- Property has access to a 60‑acre lake at the rear portion of the site.
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FAQs
What type of property is this?
Hotel - Independent inn with 56 units on about nine acres, featuring a pool, tennis courts, and access to a 60-acre lake.
Where is this hotel located?
The property is located at 21380 US Hwy 27 Lake Wales, FL.
What are key features of this property?
This property features: Green Gables Inn has 56 units on approximately 9 acres.; Includes a large swimming pool and two exterior tennis courts.; Property has access to a 60‑acre lake at the rear portion of the site.
