0 State Road 60, Lake Wales, FL 33898
This exceptional 10.96-acre (±) corner lot presents a unique dual-zoned development opportunity in Lake Wales, Florida. Boasting premium frontage on State Road 60, a major thoroughfare connecting Vero Beach to Tampa, this property enjoys high visibility with a daily traffic count of 19,900 vehicles. The site is strategically located just outside Lake Wales city limits, offering convenient access to numerous amenities. Within a short drive, you'll find Walmart (2.5 miles), Publix (4.4 miles), Bok Tower Gardens (6.2 miles), downtown Main Street (5.3 miles), and Crazy Fish restaurant (7 miles). The property's zoning is a blend of CE (Commercial Enclave) and RS (Residential Suburban). The front portion, zoned CE, allows for retail ventures, even conditionally permitting a gas station. The rear, zoned RS, permits single-family homes at a density of one unit per five acres. Approximately 4.5 acres are high and dry, while the remainder falls within Flood Zone A. The lightly wooded lot presents a blank canvas for development, with potential for rezoning to a single use, subject to a pre-application process and Level 4 county review. The asking price is $600,000. The property's APN is 28-30-04-000000-024020. This is an outstanding investment for developers seeking a high-traffic location with diverse development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.