3151 Canal Rd Lake Wales, FL 33898-9180
Property profile & analytics
3151 Canal Rd Lake Wales, FL 33898-9180
- Retail space
- 4,690 SF
- 0.76 lot acres
Property ID
US18-4473907
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
- Kirk's Country Store / Grocery & Convenience Store
Property Details for 3151 Canal Rd
- Year built
- 1987
- Lot size
- 0.76 lot acres
- Property size
- 4,690 SF
- Property type
- Retail space
- APN
- 282832000000044090
- APU
- 282832000000044090
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $870,000
- ML approach
- $870,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $880,000
- 6.5%
- $810,000
- 7%
- $750,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,330,000
- AUTO REPAIR, GARAGE
- $1,140,000
- NEIGHBORHOOD: SHOPPING CENTER
- $860,000
- OFFICE BUILDING
- $755,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5437
- Latitude
- 27.9977
- 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
$2,048
$3,311
$203,443
$206,754
-
$3,311
$203,443
$206,754
