1405 Lk Shr Way Lake Alfred, FL 33850-3460
This exceptional 9.91-acre commercial land parcel in Lake Alfred, Florida, presents a unique development opportunity. Located at 1405 S Lake Shore Way, 33850, this property boasts ±900 feet of highway frontage along US-17 and US-92, a high-traffic area with approximately 50,000 cars daily. The strategic location offers easy access to Downtown Winter Haven, just three miles south. Multiple access points enhance convenience and visibility. The property is zoned C-3 & R-1A (Lake Alfred), allowing for diverse development options including retail, office, service, self-storage, hospitals, warehouses, and light industrial uses. The asking price is $2,750,000, translating to $277,778 per acre. The APN numbers are 262805526000000070, 00150, 00031, 00041, 00052, 00054, 00015, 00055, 00014, 00011, 00101, 00051, and 00053. This prime location and flexible zoning make this an ideal investment for developers seeking high visibility and diverse development potential. The property's excellent highway exposure and multiple access points ensure maximum visibility and accessibility for any future development.
1. Commercial Activity Center (C-3). The Commercial Activity Center (C -3) district is intended to provide for intense community-serving commercial and light -industrial uses. These activity centers are intended for locations where a combination of arterial street(s) and four lane collector street(s) are available with transit services providing access to ot…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Lake Alfred, FL1. Commercial Activity Center (C-3). The Commercial Activity Center (C -3) district is intended to provide for intense community-serving commercial and light -industrial uses. These activity centers are intended for locations where a combination of arterial street(s) and four lane collector street(s) are available with transit services providing access to other activity centers and surrounding neighborhoods. 2. Light Industrial (I -1). The Light Industrial (I- 1) district provides for light manufacturing, processing, storage and warehousing, wholesaling, and/or distribution not involving the use of any materials, processes , or machinery likely to require buffering due to undesirable impacts beyond the property line. Service and commercial activities relating to the character of the district are permitted. Regulations are intended to prevent or reduce friction between uses in this district and protect nearby residential districts. 3. Heavy Industrial (I -2). The Heavy Industrial (I -2) district provides for heavy manufacturing and closely related uses that may involve potential nuisances in terms of noise, odor, emissions of particulate matter, lighting, and other potential nuisance factors or undesirable effects upon nearby residential or business property. To avoid burdensome regulations on heavy manufacturing, requirements in this district are intended to provide protection principally against harmful effects to other districts. 2-21
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
