19254 Us Highway 27 Lake Wales, FL 33853
This vacant, distressed commercial property in Lake Wales, Florida, presents a unique investment opportunity. Located on US Highway 27, this 0.36-acre lot features a 3,770 square foot building constructed in 1958. Currently zoned for service stations (026- Service Station), the property offers significant versatility for various commercial uses. The building, with a heated area of 3,770 square feet, provides ample space for a range of businesses. Its prime location on a major highway ensures high visibility and accessibility, maximizing exposure to a substantial daily traffic volume. The asking price is $499,000, translating to $132.36 per square foot. This represents a compelling opportunity to acquire a well-positioned commercial asset with considerable redevelopment potential in a growing Florida market. The property consists of one single-story building and is currently vacant. Its historical context, combined with its strategic location, makes it an attractive prospect for entrepreneurs and investors seeking a high-traffic location with redevelopment potential. The property's APN is 273003911000004010.
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.