Current Use by Public Records
- Lifestyle centers
Property Details for 1316 Sr 60
- Lot size
- 1.64 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Orange Grove Shopping Center, located at 1316-1450 SR 60 E in Lake Wales, Florida (zip code 33853), presents a significant investment opportunity. This multi-tenant property, encompassing 202,867 square feet, offers a blend of retail and executive office spaces. The property sits on 1.64 acres of land, with individual lot sizes ranging from 0.48 to 1.16 acres. Currently, there are 44,008 square feet of vacant space available for lease, providing immediate potential for income generation. The flexible space options cater to a variety of business needs, with minimum divisible units of 1,448 square feet and a maximum contiguous space of 35,560 square feet. Nine spaces are currently available for lease. The property's location in Polk County, Florida, offers excellent visibility and accessibility along SR 60 E. This is a prime opportunity to acquire a well-situated retail and office center with significant potential for growth and return on investment. A large, soon-to-be-available big box space adds further potential for expansion and diversification of tenants. The property's existing infrastructure and established location make it an attractive proposition for both established businesses and new ventures. The property is classified as a shopping center and offers executive office space.
Value Estimations
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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
- -81.5616
- Latitude
- 27.8934
