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    10721 Leisure Ln Lake Wales, FL 33898

    Sponsored
    For Sale
    $749,500

    6.73 Acres, Mixed-Use Potential

    Property size:
    293,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.73-acre property in Unincorporated Polk County, Florida, presents a unique development opportunity. The site features two one-story buildings totaling 293,159 square feet, built in 1979 and renovated in 1982, with a 14-foot ceiling height. Currently zoned for commercial use, this fee-simple property offers significant flexibility for various projects, including multi-family housing, healthcare facilities, or special purpose developments. The asking price is $749,500 ($2.56/sq ft). Its prime location near the 7,549-acre Lake Weohyakapka provides a serene setting with recreational potential. The property's history adds unique architectural character, while its versatile zoning allows for diverse development options. This represents a compelling investment opportunity in a growing area, benefiting from favorable regulations and a strong local economy. The property's expansive size and strategic location make it ideal for investors and developers seeking to create a significant impact in the community. The existing structures offer potential for adaptive reuse or redevelopment, allowing for creative and innovative projects. This is a chance to transform a historic site into a vibrant and valuable asset.

    Property Features for 10721 Leisure Ln

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    293,159 SF
    Class
    C
    Lot Size
    293,159 SF

    Building Details

    Year Built/Renovated
    1979/1982
    Buildings
    2
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Shopping Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.419895203237
    Latitude
    27.86163906844

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    FAQs

    What type of property is this?
    Church & religious facility - 6.73 Acres, Mixed-Use Potential
    Where is this church & religious facility located?
    The property is located at 10721 Leisure Ln Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $749,500.
    Request Owner's contact information
    10721 Leisure Ln Lake Wales, FL 33898
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    Lake Wales, FL 33898
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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
    10721 Leisure Ln Lake Wales, FL 33898
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