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    OFF-MARKET
    Auto shops

    19254 Hwy 27, Lake Wales, FL 33853-2451

    1,850 SF 0.36 ac lot Built 1958
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-4157765
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1958
    Total area 1,850 SF
    Lot 0.36 ac (15,764 SF)
    Zoning code C-3
    APN 273003911000004010
    UPID US18-4157765
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Jose Cartagena · 1 yrs held
    Jose Cartagena
    since 2024
    Last sale
    $400,000
    6 recorded transactions
    2024
    $400,000
    2022
    1969
    1969
    1969
    1969
    Zoning & alternative use
    C-3 · Lake Wales, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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