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Property profile & analytics
OFF-MARKET Estimated value $870,000
Retail space

3151 Canal Rd Lake Wales, FL 33898-9180

4,690 SF 0.76 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-4473907
Property summary
AI-generated overview

This exceptional investment opportunity presents a 0.76-acre commercial land parcel in Lake Wales, Florida, encompassing a fully turnkey restaurant. Located at 3151 Canal Road, 33898, this 1,500 square foot establishment boasts a prime location directly across from Cherry Pocket, a well-known local landmark. Established for over 15 years, this family-run restaurant enjoys a loyal clientele and offers both dine-in and takeout services. The sale includes all equipment, furniture, established recipes, and the brand name, providing a seamless transition for the new owner. The seller will provide training post-sale. This represents a rare chance to acquire a thriving, well-regarded restaurant with substantial growth potential in the heart of Central Florida. The property is move-in ready, minimizing initial setup costs and maximizing immediate return on investment. This turnkey operation offers a unique blend of established success and future expansion possibilities, making it an attractive proposition for both seasoned investors and first-time restaurant owners. The property's convenient location and strong reputation within the community ensure a steady stream of customers. This is a truly exceptional opportunity to own a piece of Central Florida's thriving culinary scene.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 4,690 SF
Lot 0.76 ac (33,001 SF)
APN 282832000000044090
UPID US18-4473907
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
  • Kirk's Country Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
$810k
Comparable Approach Comparable
by Request
Blend (final) Blend
$870k
Owner & transaction history
Niyadiya Three LLC · 2 yrs held
Niyadiya Three LLC
since 2024
Last sale
$870,000
3 recorded transactions
2024
$870,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.3M +265.2%
Auto repair, garage $1.1M +213.8%
Neighborhood: shopping center $860,000 +136.2%
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