3106 East State Road 60 Lake Wales, FL 33898
Property profile & analytics
3106 East State Road 60 Lake Wales, FL 33898
- Office buildings
- 1,296 SF
- 0.21 lot acres
Property ID
US18-1828377
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Logos Auto Exchange Inc. / Car Dealership
- Car Wash & Detailing / Car Wash
Property Details for 3106 East State Road 60
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 1,296 SF
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 283008941000002050
- APU
- 283008941000002050
Description
This exceptional mixed-use investment opportunity in Lake Wales, Florida, presents a compelling prospect for immediate income generation. The property, situated on a 0.5-acre corner lot at 3106 E State Rd 60, boasts two buildings totaling 2,829 square feet. One building, a 1,008 square foot office/retail space, is currently utilized as a used car lot. The second building is a 1,821 square foot triplex, ensuring a consistent rental income stream. Both buildings are fully leased. The property features a paved parking lot, a fully fenced perimeter, prominent pylon signage, and benefits from high visibility due to its four-lane highway frontage and proximity to a gas station. Built in 1950 and 1955, the property is zoned LCC, offering considerable flexibility for future development and use. The location is highly advantageous, situated just off the busy Highway 60, a major thoroughfare connecting Tampa and Vero Beach, guaranteeing significant traffic exposure. Nearby amenities include Walmart, McDonald's, Winn-Dixie, Harbor Freight Tools, and Hillcrest Elementary School. The property's proximity to Lake Wales Country Club and popular tourist attractions like Bok Tower, Spook Hill, and Lake Aurora Christian Camp & Retreat Center further enhances its appeal. The asking price is $1,200,000, translating to $424.18 per square foot. Parcel numbers are 28-30-08-941000-002050 and 28-30-08-941000-002060. This is a turnkey investment ready for a new owner to capitalize on its strong income potential and prime location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5384
- Latitude
- 27.8941
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$558
$25,040
$26,650
$51,690
-
$25,040
$26,650
$51,690
