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Property profile & analytics
OFF-MARKET
Land

0 Grove Ave Lake Wales, FL 33853

6.51 ac lot
Property ID
Property summary
AI-generated overview

Exceptional 6.51-acre residential development opportunity in Lake Wales, Florida, is now available for $1,560,000. This fee-simple property, identified by Polk County Parcel ID 27-30-11-000000-014020, boasts an R3 zoning designation, allowing for a maximum density of 12 units per acre, with potential for higher density through a Planned Unit Project (PUP). Situated at the southwest corner of East Grove Avenue and 1st Street, this all-upland lot offers convenient access to essential amenities. Nearby attractions include The Club at Lake Wales (ALF), Waters Edge of Lake Wales, Publix, Dollar Tree, Bealls Outlet, and McLaughlin Middle School, all within walking distance. The property benefits from excellent infrastructure, including a 6-inch water main on Grove Avenue, an 8-inch water main on 1st Street frontage, 8-inch gravity sewer lines on all four sides, and a 16-inch force main on Grove Avenue. A 45-foot height limit applies. The City of Lake Wales encourages niche development proposals for this site

Property profile
Verified
Property type Land
Lot 6.51 ac (283,576 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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