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    FOR SALE
    Commercial real estate

    11550 State Road 60 E, Lake Wales, FL 33898

    10.95 ac lot
    Property ID
    US18-8496695
    Property summary
    AI-generated overview

    This exceptional 10.95-acre property in Lake Wales, Florida, offers a unique blend of rural tranquility and convenient access to amenities. Located at 11550 State Rd 60, Lake Wales, FL 33898 (APN: 293016992665000741), this land is zoned Agricultural/Residential Rural (A/RR), providing versatility for various residential development plans. The property boasts a peaceful setting, ideal for those seeking a serene escape while remaining close to urban conveniences. Two existing wells are on-site, and electricity and telephone services are readily available. While a septic system will be required, this expansive homesite presents a compelling investment opportunity for building a dream home or developing a residential project. The property's size and zoning make it suitable for a range of residential uses, offering significant potential for future growth and value appreciation. This is a rare chance to acquire a substantial parcel of land in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 10.95 ac (476,982 SF)
    APN 293016992665000741
    UPID US18-8496695
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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