Property summary
This exceptional 200-acre parcel presents a remarkable opportunity for large-scale commercial and residential development in Lake Wales, Florida. Located in Polk County, with APN 27-29-16-000000-011000 & 27-29-15-000000-033010, this property boasts multiple zoning designations (MF, SF, Commercial), allowing for diverse project types. The land offers 1400 feet of frontage on Chalet Suzanne Road, which sees 10,500 AADT, and enjoys proximity to US Highway 27, a high-traffic corridor with 40,500 AADT. Its strategic location places it adjacent to major retailers including Publix, Home Depot, and Kohl's, and directly across from the 600,000 square foot Eagle Ridge Mall. Further enhancing its appeal, the property is situated next to a new 260-unit apartment complex experiencing high rental rates, and a third traffic light is planned for improved access. City water and sewer are available on-site. The property's zoning allows for a maximum density of 1,650 units, making it an ideal location for a mixed-use development, multifamily housing, or single-family residential projects. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with exceptional visibility and access. The asking price is $5,000,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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