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    FOR SALE
    Office buildings

    3106 East State Road 60, Lake Wales, FL 33898

    1,296 SF 0.21 ac lot Built 1955
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US18-1828377
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1955
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,296 SF
    Lot 0.21 ac (9,274 SF)
    Zoning code C-3
    APN 283008941000002050
    UPID US18-1828377
    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
    Current use
    Occupant on record · Public records
    • Logos Auto Exchange Inc. Car Dealership
    • Car Wash & Detailing Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bk Props Of Ctrl Florida LLC · 20 yrs held
    Bk Props Of Ctrl Florida LLC
    since 2005
    5 recorded transactions
    2005
    $132,500
    2005
    1998
    $17,400
    1997
    $2,900
    1969
    Zoning & alternative use
    C-3 · Lake Wales, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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