You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

0 State Road 60 Lake Wales, FL 33898

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own State Road 60?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message