2Nd St Lake Wales, FL 33853
- Land
- 76,500 SF
Current Use by Public Records
- Land
Property Details for 0 2Nd St
- Property size
- 76,500 SF
- Property type
- Land
Description
This exceptional development opportunity in Lake Wales, Florida, presents 12 buildable lots totaling 76,500 square feet, ideal for affordable single-family homes. Located on N 2nd St, in Polk County (zip code 33853), this bulk sale offers a unique chance to capitalize on a high-demand market. The property is zoned for residential use and features a lot size of 6,375 square feet, with municipal utilities readily available. The asking price is $250,000, translating to $3.27 per square foot. This inner-city location benefits from a streamlined permitting process, minimizing development delays. The lots are high and dry, requiring minimal site preparation, further reducing development costs. The Community Redevelopment Agency (CRA) is offering assistance with street improvements, making this project even more attractive. Potential buyers may also be eligible for state and federal economic incentives, adding to the financial advantages. This is a fast-track project with limited site work needed, making it an excellent investment for developers seeking a quick return. The property is being sold as a bulk package of 12 lots.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5875
- Latitude
- 27.9145
