0 Lk Bella Rd Lake Wales, FL 33898
This exceptional 19.49-acre property in Lake Wales, Florida, presents a unique investment opportunity. Currently operating as a productive citrus grove yielding all round oranges, this land offers immediate income potential. The property is conveniently located near shopping and restaurants, blending rural tranquility with urban accessibility. Currently zoned agricultural, the future land use designation permits one residential unit per five acres, making it ideal for creating five-acre ranchettes. Alternatively, the density could be significantly increased through the implementation of a Planned Unit Development (PUD). The presence of nearby public water access further enhances the development potential. This versatile land offers a compelling blend of established income generation and significant future development possibilities, making it an attractive proposition for investors and developers alike. The property's location in Polk County, Florida, with its zip code 33898, ensures easy access to local amenities and transportation networks. The address is Lake Bella Rd. The asking price for this remarkable property is $600,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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