Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3151 Canal Rd Lake Wales, FL 33898

    Sponsored
    For Sale
    $195,950

    0.76-acre Restaurant Property, $195,950

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 0.76-acre commercial land parcel in Lake Wales, Florida, encompassing a fully turnkey restaurant. Located at 3151 Canal Road, 33898, this 1,500 square foot establishment boasts a prime location directly across from Cherry Pocket, a well-known local landmark. Established for over 15 years, this family-run restaurant enjoys a loyal clientele and offers both dine-in and takeout services. The sale includes all equipment, furniture, established recipes, and the brand name, providing a seamless transition for the new owner. The seller will provide training post-sale. This represents a rare chance to acquire a thriving, well-regarded restaurant with substantial growth potential in the heart of Central Florida. The property is move-in ready, minimizing initial setup costs and maximizing immediate return on investment. This turnkey operation offers a unique blend of established success and future expansion possibilities, making it an attractive proposition for both seasoned investors and first-time restaurant owners. The property's convenient location and strong reputation within the community ensure a steady stream of customers. This is a truly exceptional opportunity to own a piece of Central Florida's thriving culinary scene.

    Property Features for 3151 Canal Rd

    General Information

    Property type
    Land
    Square Feet
    1,500 SF
    Lot Size
    33,106 SF

    HighLights

    • $195,950 asking price.
    • 0.76‑acre lot.
    • 1,500 square feet.
    • Turnkey restaurant business included.
    • Located in Lake Wales, FL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kirk's Country Store Convenience Store

    Suggested Use

    Restaurant Hair Salon Garden Center Convenience Store Computer & Electronic Repair Tech Support Center Seafood Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    polk
    State
    Florida
    Longitude
    -81.5436709
    Latitude
    27.9978022

    Nearby Similar for Sale

    • $1,650,000
      8,480 SF

      Historic Mixed-Use Building in Lake Wales

      Historic mixed-use building with commercial suites and residential apartments.
      244 E Park Ave, Lake Wales, FL 33853
      View Details
    • $1,650,000
      8,480 SF

      Historic Lake Wales Mixed-Use Building

      Historic mixed-use building in revitalized downtown Lake Wales with commercial and residential.
      244 E Park Ave, Lake Wales, FL 33853
      View Details
    • $900,000
      7,350 SF

      Mixed-Use Buildings on Scenic Highway

      Two commercial buildings ideal for showroom, warehouse, or mixed-use.
      322 S Scenic Hwy, Lake Wales, FL 33853
      View Details
    • $824,900
      4,264 SF

      Lakefront Multi-Family Income Property

      Lakefront 6-unit property in Highland Park with income generation.
      1854 Highland Park Dr S, Lake Wales, FL 33898
      View Details
    • $254,000
      1,652 SF

      Canal Front Multifamily Property

      Multifamily property with canal access and value-add opportunity.
      9035 Temple Dr, Lake Wales, FL 33898
      View Details
    • $600,000
      1,674 SF

      Furnished Restaurant in Lake Wales

      Fully equipped restaurant with a strong community presence for over 70 years.
      114 W Central Ave, Lake Wales, FL 33853
      View Details
    • $334,000
      0.07 Acres

      Waterfront RV Lot in River Ranch

      Renovated luxury RV lot with waterfront access and resort amenities.
      556 Waterway Dr, Lake Wales, FL 33898
      View Details
    • $209,000
      0.09 Acres

      Luxury RV Lot in River Ranch

      RV lot with amenities near Lake Kissimmee, central Florida.
      376 Bear Trl, River Ranch, FL 33867
      View Details
    • $165,000
      0.06 Acres

      RV Lot in River Ranch

      RV lot with pavilion in Central Florida resort.
      253 Saddle Ln, River Ranch, FL 33867
      View Details
    • $1,250,000
      8,500 SF

      Income-Producing Property with Growth Potential

      Commercially zoned property with hotel, restaurant, and expansion possibilities.
      16905 Hwy 27, Lake Wales, FL 33859
      View Details
    • $159,000
      0.06 Acres

      River Ranch RV Lot

      Luxury RV lot in River Ranch with resort amenities.
      164 Horseshoe Bnd, River Ranch, FL 33867
      View Details
    • $220,000
      0.09 Acres

      Luxury RV Retreat - River Ranch

      Turn-key, designer-remodeled RV lot in River Ranch RV Resort.
      422 Longhorn Dr, Lake Wales, FL 33898
      View Details

    FAQs

    What type of property is this?
    Land - 0.76-acre Restaurant Property, $195,950
    Where is this land located?
    The property is located at 3151 Canal Rd Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $195,950.
    What are key features of this property?
    This property features: $195,950 asking price.; 0.76-acre lot.; 1,500 square feet.
    Request Owner's contact information
    3151 Canal Rd Lake Wales, FL 33898
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3151 Canal Rd
    Lake Wales, FL 33898
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3151 Canal Rd Lake Wales, FL 33898
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.