19254 Hwy 27, Lake Wales, FL 33853-2451
This exceptional 0.45-acre commercial property, located at 19254 HWY 27 S in Lake Wales, Florida (zip code 33853), presents a compelling investment opportunity. Priced at $499,000, this strategically positioned lot offers significant potential for various commercial ventures. Situated on the bustling US Highway 27, just south of State Road 60, the property benefits from high visibility and accessibility, with convenient access from both north and south directions. The north access point even includes a left-turn lane. Previously used as an automotive service center, the existing 3,770 square foot building (3,320 square feet heated) constructed in 1958, provides ample space for a variety of uses, including retail, service operations, or office space. The property consists of two parcels, offering flexibility for development or expansion. This prime location in Polk County, Florida, ensures high traffic flow and exposure, making it an ideal investment for businesses seeking a prominent presence in a growing market. The property's 1,400 square foot building offers immediate usability while the land provides ample room for future expansion or redevelopment.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Lake Wales, FLLake Wales. Always verify with local authorities before improvements.
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.