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0 Us-27 Lake Wales, FL 33859

OFF-MARKET Land Google Maps
12.2 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 12.2-acre commercial land parcel presents a remarkable investment opportunity in Lake Wales, Florida. Strategically located on US Highway 27, this property boasts 400 feet of frontage, ensuring unparalleled visibility and accessibility for any commercial venture. The high traffic count of 41,000 AADT guarantees significant exposure to potential customers. Zoned Limited Commercial Industrial (LCI) by the City of Wales, the property allows for a wide range of commercial and retail uses. The site features an estimated 2.5 to 3.0 acres of uplands, providing ample buildable space. Its prime location is directly opposite the substantial 6,100-unit Peace Crossing development, offering immediate access to a large and growing residential population. Further enhancing its appeal is a convenient left-turn median cut providing easy access from US Highway 27. The property is situated just half a mile south of Eagle Ridge Mall, adding to its strategic location within a thriving commercial corridor. Priced at $900,000, or $73,770 per acre, this land represents an exceptional value for developers and investors seeking a high-impact location in a rapidly growing area. Don't miss this chance to secure a prominent position on one of Florida's busiest highways.

Property profile

Verified
Property type Land
Lot 12.2 ac (531,432 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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