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    1970 State Road 60 Lake Wales, FL 33853

    For Sale
    Contact for pricing

    High-traffic location, 0.5-acre outlot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.5-acre commercial land outlot presents a prime development opportunity in Lake Wales, Florida. Strategically located at 1970 E State Rd 60, this property enjoys exceptional visibility and accessibility, situated within the bustling East Gate shopping center. Benefit from the established success of neighboring anchor tenants, including Rural King and Winn-Dixie, along with other prominent retailers such as Walmart, Wendy's, and McDonald's. The high-traffic location on SR 60 sees over 20,000 vehicles daily, ensuring significant exposure for your business. The surrounding area boasts a robust population exceeding 185,000 within a 15-mile radius, with average household incomes surpassing $60,000, indicating strong consumer spending power. Further enhancing the area's appeal is the presence of Lake Wales Medical Center, a substantial 160-bed facility employing over 520 individuals. This property's prime location, coupled with the strong demographics and established retail presence, makes it an ideal investment for a variety of commercial ventures. The 0.5-acre parcel provides ample space for development, offering significant potential for growth and return on investment. Don't miss this opportunity to establish your business in a thriving and highly visible location. The property is located in Polk County, Florida, zip code 33853.

    Property Features for 1970 State Road 60

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre commercial land outlot in Lake Wales, FL, offering prime development potential.
    • High‑visibility location at 1970 E State Rd 60 within the East Gate shopping center, boasting over 20,000 vehicles daily.
    • Strong surrounding demographics: over 185,000 residents within 15 miles, average household income exceeding $60,000.
    • Anchored by established retailers including Rural King, Winn‑Dixie, Walmart, Wendy's, and McDonald's.
    • Proximity to Lake Wales Medical Center, a 160‑bed facility employing over 520 people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blue Rhino Propane ... Propane Supplier Rural King Farm Equipment Supplier Rural King Guns Gun Shop

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Hair Salon Clothing Store Nail Salon Auto Repair Shop Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.556859535561
    Latitude
    27.893239312657

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    FAQs

    What type of property is this?
    Land - High-traffic location, 0.5-acre outlot.
    Where is this land located?
    The property is located at 1970 State Road 60 Lake Wales, FL.
    What are key features of this property?
    This property features: 0.5-acre commercial land outlot in Lake Wales, FL, offering prime development potential.; High-visibility location at 1970 E State Rd 60 within the East Gate shopping center, boasting over 20,000 vehicles daily.; Strong surrounding demographics: over 185,000 residents within 15 miles, average household income exceeding $60,000.
    Request Owner's contact information
    1970 State Road 60 Lake Wales, FL 33853
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    Lake Wales, FL 33853
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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
    1970 State Road 60 Lake Wales, FL 33853
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