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22900 Us Highway 27 Lake Wales, FL 33859

OFF-MARKET Retail properties & Spaces Google Maps
1.1 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.1-acre commercial land parcel, located at 22900 US Hwy 27 in Lake Wales, Florida (APN 272921000000014010), presents a prime opportunity for restaurant or retail development. Priced at $1,100,000 ($106.25/sq ft), this property boasts unparalleled visibility on a high-traffic stretch of Highway 27, offering excellent exposure to a large customer base. The site is ideally situated adjacent to the Hampton Inn & Suites and the new Slim Chickens restaurant, ensuring high foot traffic and brand synergy. Its proximity to other national retailers such as Publix, Lowe's, and Home Depot further enhances its desirability. This location benefits from the highest vehicle per day count in Lake Wales, guaranteeing significant potential for business success. The property is serviced by City of Lake Wales water and sewer, and Duke Energy provides electricity. The seller is open to collaborating with national tenant developers, corporate quick-service restaurants (QSRs), or franchisees, and will consider financing or constructing a building to meet specific tenant requirements, with a subsequent lease agreement. This turnkey solution minimizes upfront investment for potential buyers, making this an attractive proposition for those seeking a high-return investment in a thriving commercial corridor. Don't miss this chance to secure a premier location in a rapidly growing market.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Bakery Specialty Food Shop

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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