23232 Us Highway 27 Lake Wales, FL 33859
- Land
- 0.96 lot acres
Current Use by Public Records
- Land
Property Details for 23232 Us Highway 27
- Lot size
- 0.96 lot acres
- Property type
- Land
Description
This 0.96-acre commercial land parcel in Lake Wales, Florida, presents a unique investment opportunity. Located on US Highway 27 at 23232 US Hwy 27, zip code 33859, this fee-simple property boasts exceptional visibility and high traffic counts exceeding 40,000 ADT. The C-3 zoning allows for a variety of uses, including commercial, retail, office, medical, restaurant, and professional spaces. The site benefits from 166 feet of frontage on US Highway 27, with convenient ingress and egress directly from the highway and additional access points from the adjacent Lowe's and Eagle Ridge Mall. Utilities, including electricity and water, are readily available at the site perimeter. This is one of only two remaining outparcels in this thriving area, offering strong co-tenancy with established businesses such as Freddy's Frozen Custard & Steakburgers, Planet Fitness, Wash & Go, Chili's, Bob Evans, and Sherwin Williams. The property's strategic location is further enhanced by the planned development of over 6,000 homes and a 300+ unit apartment complex nearby, creating significant future demand. This presents an ideal opportunity for a quick-service restaurant (QSR) to capitalize on the substantial residential growth. Seller financing is available for creditworthy buyers, with the possibility of 50% seller financing depending on creditworthiness and acceptable terms. The asking price is $725,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.6169
- Latitude
- 27.9477
