0 Lewis Griffin Rd, Lake Wales, FL 33898
This exceptional 10-acre parcel in Lake Wales, Florida, presents a compelling investment opportunity for residential development. Located on Lewis Griffin Road, Polk County, zip code 33898 (APN 283008000000043030), this property is zoned A/RR, offering significant potential. The asking price is $500,000, translating to $50,000 per acre, reflecting the land's high value. The property's peaceful setting offers a desirable location for residential development, while its proximity to established communities adds to its appeal. Specifically, the DR Horton Taylor Groves Residential Development is situated approximately 700 feet to the Northwest, indicating a strong existing residential presence in the immediate vicinity. This land presents a unique chance to capitalize on the growing Lake Wales market, creating a thriving residential community or developing individual homes. The property's size and zoning make it suitable for a variety of residential projects, catering to diverse needs and preferences. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent development potential. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.