1970 State Rd 60th E, Lake Wales, FL 33853-4369
- Outlet malls
- 95,964 SF
- 9.85 lot acres
Current Use by Public Records
- Blue Rhino Propane Exchange / Propane Supplier
- Rural King / Big Box & Wholesale Store / Agricultural Supply
- Rural King Guns / Gun Shop
Property Details for 1970 State Rd 60th E
- Year built
- 1994
- Lot size
- 9.85 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 283007940851000051
- APU
- 283007940851000051
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 4, 2021 | — | Lake Wales Abg LLC | — | Deed · related | — |
| Dec 23, 2020 | — | Ajm LLC | — | Deed · related | $2.7M · First Mid Bk&tr NA |
| Mar 11, 2020 | — | Ajm LLC | Lake Wales Abg LLC | Quit Claim Deed · related | — |
| Jan 24, 2006 | $3,100,000 | Mjb Lake Wales LLC | Eastgate Plaza Of Lake Wales LLC | Warranty Deed | $3.9M · United Bank |
| May 4, 2004 | $1,525,000 | Eastgate Plaza Of Lake Wales | New Plan Excel Realty Trust | Grant Deed | $1M · Independent Community Bank |
| — | — | Ajm LLC | — | Deed Of Trust · related | $2.7M · First Mid Bk&tr NA |
| — | — | Lake Wales Abg LLC | — | Deed Of Trust · related | — |
| — | — | Lake Wales Abg LLC | — | Deed Of Trust · related | $907k · First Mid Il Bk&tr |
Description
This exceptional 0.5-acre outparcel presents a remarkable investment opportunity in Lake Wales, Florida. Strategically located within the thriving East Gate shopping center, this property benefits from its proximity to a successful Rural King store and a Winn-Dixie supermarket, ensuring high visibility and consistent foot traffic. The site enjoys exceptional daily traffic counts exceeding 20,000 vehicles on SR 60, providing unparalleled exposure for any business. The surrounding area boasts a robust population exceeding 185,000 within a 15-mile radius, with average household incomes surpassing $60,000, indicating strong consumer spending power. Further enhancing the location's appeal is the presence of established national retailers such as Walmart, Wendy's, and McDonald's, creating a synergistic retail environment. The nearby Lake Wales Medical Center, a significant employer with 160 beds and over 520 employees, adds to the area's economic vitality and provides a substantial pool of potential customers. This single-tenancy outlot, classified as retail land in Polk County, offers unparalleled potential for a variety of commercial ventures. The property's high visibility, strong demographics, and established retail environment make it an ideal location for businesses seeking significant growth and market penetration.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,725,000
- ML approach
- $4,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,759,000
- AI Estimate
- $4,763,000
Market price range: $4.76M - $9.92MMarket price range: $4.76M - $12.3M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,810,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5569
- Latitude
- 27.8923
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
