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Property summary
This exceptional investment opportunity presents a 19,931-square-foot retail building situated on a 1.95-acre lot at 126 State Road 60 West in Lake Wales, Florida. Currently occupied by a closing Badcock & More furniture store, this property offers significant redevelopment potential. The freestanding building boasts excellent visibility and frontage on SR 60, a major thoroughfare, with convenient proximity to US 27. The property includes two buildings, constructed in 1988 and renovated in 2006, and sits on four parcels (APN: 273002903500008404, 273002903500008402, 273002903500008403, 273002903500008401) zoned C2. The asking price is $3,499,000, translating to $175.56 per square foot. The property's 100% occupancy currently provides immediate income, although the primary tenant is vacating soon. Ample land behind the main building allows for expansion or additional parking. A small residential dwelling is also included on the property. This prime location in a growing area of south Lake Wales makes this a compelling investment for savvy buyers seeking high-visibility retail space with redevelopment potential. The property offers a unique blend of immediate income and long-term growth opportunities.
Property profile
VerifiedCap rate & NOI
Current use
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Home Decor Store Department Store
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Clothing Store Baby Clothing Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lake Wales market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2R3 · Lake Wales, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2R3 in Lake Wales, FL.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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