Lake Wales Commercial Land
For Sale
Contact for pricing
550 E State Rd 60, Lake Wales, FL 33853
4.30+/- acre commercial land with highway frontage.
Property SizeContact for details
Lot Size4.30 Acres
Days on Market2561
Property Features for 550 E State Rd 60
General Information
Standard status
Active
Lot size
4.30 Acres
Property subtype
Land
Zoning
C-3 (Highway Commercial)
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Ray Turchi · License #FL BK3015549
(407) 557-3847
Source:
Crexi
Added: Oct 4, 2019
Changed: Sep 28
Last Checked: Oct 5 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This sale consists of a 4.30+/- acre parcel in Lake Wales, Florida, serving as an outparcel to Lake Wales Plaza, a retail center anchored by Save-A-Lot, situated on approximately 15 acres. The parcel features direct frontage on State Road 60, benefiting from average daily traffic counts of 27,000 vehicles. It is located just 2,000 feet from US 27, which experiences traffic counts of 29,500 vehicles daily. Improvements are underway around the US 27 at SR 60 interchange to enhance highway operations, safety, and regional mobility. The property is situated 1.6 miles from Lake Wales Municipal Airport and 2.7 miles from Lake Wales Medical Center. Additionally, it is 5.2 miles from Bok Tower Gardens. Zoned C-3 (Highway Commercial District), the parcel is designed for commercial areas along major highways, accommodating medium and large-scale commercial establishments and a range of commercial and professional uses. Permitted uses include restaurants, hospitals, hotels and motels, auto service stations, religious establishments, cultural facilities, schools, banks, mini-storage facilities, professional offices, convenience stores, and retail stores. The subject property has a future land use designation of Community Activity Center, intended to encourage a variety of commercial and professional uses in shopping plazas, serving the city and surrounding residential areas, and to allow residential uses in planned mixed-use developments. Typical uses include supermarkets, department stores, drug stores, movie theaters, home improvement centers, professional offices, and personal services.
Key Highlights
- High Traffic Location: Direct frontage on SR 60 (27,000 vehicles daily) and proximity to US 27 (29,500 vehicles daily).
- Favorable Zoning: C‑3 (Highway Commercial District) allows for a wide range of commercial and professional uses.
- Future Land Use: Designated as Community Activity Center, encouraging diverse commercial and residential development.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 33853, FL
12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - 4.30+/- acre commercial land with highway frontage.
Where is this commercial land located?
The property is located at 550 E State Rd 60 Lake Wales, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High Traffic Location: Direct frontage on SR 60 (27,000 vehicles daily) and proximity to US 27 (29,500 vehicles daily).; Favorable Zoning: C‑3 (Highway Commercial District) allows for a wide range of commercial and professional uses.; Future Land Use: Designated as Community Activity Center, encouraging diverse commercial and residential development.
