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    FOR SALE
    Churches & religious facilities

    10721 Leisure Ln East, Lake Wales, FL 33898

    293,159 SF 6.73 ac lot Built 1979
    Property ID
    US18-7412704
    Property summary
    AI-generated overview

    This exceptional 6.73-acre property in Unincorporated Polk County, Florida, presents a unique development opportunity. The site features two one-story buildings totaling 293,159 square feet, built in 1979 and renovated in 1982, with a 14-foot ceiling height. Currently zoned for commercial use, this fee-simple property offers significant flexibility for various projects, including multi-family housing, healthcare facilities, or special purpose developments. The asking price is $749,500 ($2.56/sq ft). Its prime location near the 7,549-acre Lake Weohyakapka provides a serene setting with recreational potential. The property's history adds unique architectural character, while its versatile zoning allows for diverse development options. This represents a compelling investment opportunity in a growing area, benefiting from favorable regulations and a strong local economy. The property's expansive size and strategic location make it ideal for investors and developers seeking to create a significant impact in the community. The existing structures offer potential for adaptive reuse or redevelopment, allowing for creative and innovative projects. This is a chance to transform a historic site into a vibrant and valuable asset.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1979
    Total area 293,159 SF
    Lot 6.73 ac (293,159 SF)
    UPID US18-7412704
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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