0 Hwy 60 Lake Wales, FL 33853
This exceptional 0.57-acre commercial lot is strategically located on State Road 60 in Lake Wales, Florida (APN: 28-30-06-000000-024020), offering unparalleled visibility and accessibility. Boasting approximately 125 feet of frontage on this major east-west highway connecting Florida's coasts, the property is zoned C-3 Highway Commercial, allowing for a diverse range of retail uses. The asking price is $189,000, translating to $331,579 per acre. This prime location benefits from its proximity to established businesses including Walmart, Walgreens, McDonald's, and Publix, ensuring high traffic volume and customer exposure. The property sits within Polk County, one of the nation's fastest-growing counties, presenting a significant opportunity for future appreciation. Its ideal characteristics make it particularly suitable for quick-service restaurants or drive-thru establishments. This is a rare opportunity to acquire a highly visible and well-situated commercial lot in a thriving market. The property's location within a rapidly developing area further enhances its investment potential. This is an exceptional opportunity for investors seeking high-traffic exposure and strong growth potential. The property is situated at 0 Hwy 60 E, Lake Wales, FL 33853.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.