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    OFF-MARKET
    Land

    0 State Road 60, Lake Wales, FL 33898

    10.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 10.96 ac (477,418 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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