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    Specialty properties

    2700 Drift In St, Lake Wales, FL 33898

    5,204 SF 15 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15-acre property in Lake Wales, Florida, presents a unique investment opportunity. Located at 2700 Drift In Street, 33898, this mixed-use site boasts 7.5 acres of dry land, 615 feet of lake frontage on Lake Pierce, and significant existing infrastructure. The property includes 29 mobile home pads with sewer and water hookups, 5 RV sites with utilities, a pool, four boat docks (one recently added), and a lakeside bar. Additional structures include a laundry facility, two duplexes, seven cabins, and four houses, all ripe for renovation or redevelopment. Three wells are also on the property. The county plans to extend the sewer line down Hartman Road, further enhancing the property's value and potential. With riparian rights, this property offers substantial expansion possibilities. The asking price is $2,400,000. The total square footage is 5,204. This is a rare chance to acquire a substantial waterfront property with existing income streams and significant upside potential in a desirable Florida location. The property is easily accessible via Lake Mable Loop Road, Canal Road, and Hartman Road.

    Property profile
    Verified
    Property type Specialty properties
    Total area 5,204 SF
    Lot 15 ac (653,400 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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