550 State Road 60 Lake Wales, FL 33853
- Commercial land
- 32,844 SF
- 3.59 lot acres
Current Use by Public Records
- Commercial land
Property Details for 550 State Road 60
- Year built
- 1984
- Lot size
- 3.59 lot acres
- Property size
- 32,844 SF
- Zone code
- C-3
- Property type
- Commercial land
- APN
- 273003000000023020
- APU
- 273003000000023020
Description
This exceptional 4.3-acre commercial land parcel presents a prime development opportunity in Lake Wales, Florida. Located on State Road 60, it boasts 27,000 average daily vehicles and is near the intersection with US 27 (29,500 daily vehicles). The property is an outparcel to a Save-A-Lot anchored retail center, offering excellent visibility and accessibility. Zoned C-3 (Highway Commercial), permitted uses include restaurants, hotels, motels, professional offices, auto service stations, convenience stores, and retail stores. The site's future land use designation is Community Activity Center, further enhancing its development potential. Its strategic location is complemented by proximity to Lake Wales Municipal Airport (1.6 miles), Lake Wales Medical Center (2.7 miles), and the renowned Bok Tower Gardens (5.2 miles). Significant highway improvements at the US 27 and SR 60 interchange are underway, promising enhanced traffic flow and regional accessibility. The asking price is $1,500,000, representing a price per acre of $325,000. The property's APN is 273003000000023020. This is a rare opportunity to acquire a well-positioned commercial development site in a thriving Florida community.
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
- -81.6026
- Latitude
- 27.8988
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
