2505 State Road 60 Lake Wales, FL 33898
- Strip malls
- 4,952 SF
- 0.44 lot acres
Current Use by Public Records
- E & G Commercial Doors Co. / Door Supplier
- Brentwood Garage Doors Svc. / Garage Door Supplier
- E&G Garage Doors Inc / Garage Door Supplier
Property Details for 2505 State Road 60
- Year built
- 1960
- Lot size
- 0.44 lot acres
- Property size
- 4,952 SF
- Zone code
- C-3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 283006940200001010
- APU
- 283006940200001010
Description
This exceptional commercial property, located at 2505 State Rd 60 in Lake Wales, Florida, offers three available office suites ranging from 550 to 2,638 square feet within a 4,448 square foot building. The property is ideally situated adjacent to a Walmart Supercenter, providing unparalleled visibility and access to high traffic volume on State Road 60, averaging 24,000 vehicles daily. The versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office setups. Its multi-tenant configuration allows for flexibility in lease terms and space requirements. The location benefits from proximity to other major retailers such as Winn-Dixie, Rural King, Walgreens, Wendy's, Taco Bell, and McDonald's, ensuring high foot traffic and customer convenience. Furthermore, significant residential growth is anticipated in Lake Wales, with over 15,660 new homes approved, projecting a substantial population increase. This presents a unique opportunity for businesses to establish themselves in a rapidly expanding market with exceptional visibility and accessibility. The property is located in Polk County, Florida, zip code 33898.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $330,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $280,000
- Mixed-Use
- $355,000
- Hospitality
- $335,000
- Educational
- $335,000
- Residential Income
- $340,000
- Energy
- $275,000
- Income-Based Land
- $335,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.548
- Latitude
- 27.8946
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
