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    2Nd St Lake Wales, FL 33853

    Sponsored
    For Sale
    $250,000

    12 Lots, Affordable Housing Opportunity, Fast Track Permits

    Property size:
    76,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional development opportunity in Lake Wales, Florida, presents 12 buildable lots totaling 76,500 square feet, ideal for affordable single-family homes. Located on N 2nd St, in Polk County (zip code 33853), this bulk sale offers a unique chance to capitalize on a high-demand market. The property is zoned for residential use and features a lot size of 6,375 square feet, with municipal utilities readily available. The asking price is $250,000, translating to $3.27 per square foot. This inner-city location benefits from a streamlined permitting process, minimizing development delays. The lots are high and dry, requiring minimal site preparation, further reducing development costs. The Community Redevelopment Agency (CRA) is offering assistance with street improvements, making this project even more attractive. Potential buyers may also be eligible for state and federal economic incentives, adding to the financial advantages. This is a fast-track project with limited site work needed, making it an excellent investment for developers seeking a quick return. The property is being sold as a bulk package of 12 lots.

    Property Features for 0 2Nd St

    General Information

    Property type
    Land
    Square Feet
    76,500 SF

    Building Details

    Units
    12

    HighLights

    • 12 buildable lots totaling 76,500 square feet in Lake Wales, FL (33853), ideal for affordable single‑family homes.
    • Fast‑track permitting and minimal site preparation.
    • Municipal utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5875252
    Latitude
    27.9144534

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    FAQs

    What type of property is this?
    Land - 12 Lots, Affordable Housing Opportunity, Fast Track Permits
    Where is this land located?
    The property is located at 2Nd St Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 12 buildable lots totaling 76,500 square feet in Lake Wales, FL (33853), ideal for affordable single-family homes.; Fast-track permitting and minimal site preparation.; Municipal utilities available.
    Request Owner's contact information
    2Nd St 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

    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
    2Nd St Lake Wales, FL 33853
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