Property summary
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
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Bakery Specialty Food Shop
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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