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    Glencruiten Ave Lake Alfred, FL 33850

    For Sale
    $2,000,000

    3.5-Acre Corner Lot, Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.5-acre commercial land parcel presents a remarkable investment opportunity in the burgeoning Lake Alfred, Florida market. Located on Glencruiten Ave N, this corner site boasts excellent visibility and accessibility from a busy highway (Hwy-17), ensuring high traffic exposure for any development. The property is zoned CG and features a total area of 3.5 acres, offering ample space for a variety of commercial uses. Potential development options include retail centers, medical facilities, office buildings, quick-service restaurants, self-storage units, or a combination thereof. The site's strategic location benefits from a high average annual daily traffic count of 26,500 vehicles. With over 600 new homes planned for nearby development, this property is ideally positioned to capitalize on the area's rapid growth and increasing demand for commercial services. The land is clear and ready for immediate development, offering significant potential for substantial returns. The property is available for sale as a whole or can be parceled out for individual sale or lease. Seller financing is also available, making this an attractive proposition for various investors. The property's APN is 262733000000034040. This is a rare opportunity to acquire a prime commercial site in a thriving Florida community.

    Property Features for 0 Glencruiten Ave

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • 26,500 Average Annual Daily Traffic (AADT)
    • High visibility and excellent street frontage.
    • Suitable for retail, medical/office, self‑storage, or car wash development.
    • Available for sale or lease; entire site or 3.5‑acre parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Alfred
    County
    Polk
    State
    Florida
    Longitude
    -81.7230183
    Latitude
    28.0865116

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    FAQs

    What type of property is this?
    Land - 3.5-Acre Corner Lot, Prime Development
    Where is this land located?
    The property is located at Glencruiten Ave Lake Alfred, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 26,500 Average Annual Daily Traffic (AADT); High visibility and excellent street frontage.; Suitable for retail, medical/office, self-storage, or car wash development.
    (941) 387-1200
    Request Owner's contact information
    Glencruiten Ave Lake Alfred, FL 33850
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    Lake Alfred, FL 33850
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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
    Glencruiten Ave Lake Alfred, FL 33850
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