1970 E State Road 60 Lake Wales, FL 33853
For Sale
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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.
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Blue Rhino Propane Exchange Propane Supplier
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Rural King Big Box & Wholesale Store Agricultural Supply
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Rural King Guns Gun Shop
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
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.