0 State Road 60 Lake Wales, FL 33853
This exceptional 30.88-acre commercial land parcel, located on East State Road 60 in Lake Wales, Florida (zip code 33853), presents a compelling investment opportunity. Currently zoned BPC-1 for light industrial use, the property offers significant potential for diverse development projects. Its strategic location provides outstanding visibility from Highway 60 and convenient access, being only a quarter-mile from the Highway 27 interchange, ensuring high traffic exposure. The property's size and zoning make it suitable for a range of commercial or industrial uses, subject to necessary approvals. Furthermore, the possibility of city annexation presents an additional avenue for value enhancement and increased utility. This prime location in the rapidly growing eastern Polk County area makes this a strong investment prospect for both developers and investors seeking high-return opportunities. The APN numbers are 273003000000024030 and 273003000000023070. The asking price is $1,100,000.
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.