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    23279 Us Highway 27 Lake Wales, FL 33859

    Sponsored
    For Sale
    $2,026,500
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 23279 Us Highway 27

    General Information

    Property type
    Land
    Lot Size
    248,292 SF

    HighLights

    • Heavy daytime traffic exceeding 40,000 ADT on US Hwy 27.
    • Lot 8 is pre‑approved for an 82‑room hotel; seller will facilitate a minor lot split, allocating 2.27 acres for the hotel.
    • Ground lease options are available for all parcels with frontage at Eagle Ridge Mall.
    • The site is 90% pad‑ready, with offsite retention. Utilities (electric and water) are available at the site perimeter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.61675188
    Latitude
    27.95032089

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    FAQs

    Where is this land located?
    The property is located at 23279 Us Highway 27 Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $2,026,500.
    What are key features of this property?
    This property features: Heavy daytime traffic exceeding 40,000 ADT on US Hwy 27.; Lot 8 is pre-approved for an 82-room hotel; seller will facilitate a minor lot split, allocating 2.27 acres for the hotel.; Ground lease options are available for all parcels with frontage at Eagle Ridge Mall.
    (407) 925-3075
    Request Owner's contact information
    23279 Us Highway 27 Lake Wales, FL 33859
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    Lake Wales, FL 33859
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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
    23279 Us Highway 27 Lake Wales, FL 33859
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