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    Harding Ave Lake Wales, FL 33853

    For Sale
    $550,000

    Prime Residential Land, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.818-acre parcel in Lake Wales, Florida, presents a unique opportunity to develop a 13-lot residential subdivision. Located in a rapidly growing area and designated as an Opportunity Zone, this property offers significant tax advantages for investors. The land is mostly flat and level, requiring minimal site preparation, with existing sewer infrastructure in place, eliminating the need for costly in-street sewer line construction. Two sewer easements along the property boundaries further simplify development. Conveniently situated near US 17, 27, and 60, this location provides easy access to major transportation routes. The site plan is nearing final approval from both municipal and water management district authorities. This presents a compelling build-to-rent project, particularly given the ongoing revitalization efforts in downtown Lake Wales, as detailed in the "Lake Wales Connected" plan. The asking price is $550,000, translating to approximately $144,054 per acre. This represents a rare opportunity to capitalize on the growth potential of Lake Wales while benefiting from Opportunity Zone incentives. The minimal site prep needed, coupled with existing sewer infrastructure, significantly reduces development costs and accelerates project timelines. Don't miss this chance to acquire a highly desirable, ready-to-develop residential land parcel in a thriving Florida community.

    Property Features for 0 Harding Ave

    General Information

    Property type
    Land
    Lot Size
    166,312 SF

    HighLights

    • 3.818‑acre parcel in rapidly growing Lake Wales, Florida, ideal for a 13‑lot residential subdivision.
    • Located in an Opportunity Zone, offering significant tax advantages.
    • Mostly flat land with minimal site preparation needed; existing sewer infrastructure and easements reduce development costs.
    • Convenient access to US 17, 27, and 60.
    • Site plan nearing final approval from municipal and water management district authorities; suitable for a build‑to‑rent project.
    • Asking price: $550,000 ($144,054 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.596264950288
    Latitude
    27.91531973429

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, Opportunity Zone
    Where is this land located?
    The property is located at Harding Ave Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 3.818-acre parcel in rapidly growing Lake Wales, Florida, ideal for a 13-lot residential subdivision.; Located in an Opportunity Zone, offering significant tax advantages.; Mostly flat land with minimal site preparation needed; existing sewer infrastructure and easements reduce development costs.
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    Harding Ave 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
    Harding Ave Lake Wales, FL 33853
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