550 E State Road 60 Lake Wales, FL 33853
Property profile & analytics
550 E State Road 60 Lake Wales, FL 33853
- Commercial land
- 32,844 SF
- 3.59 lot acres
Property ID
US18-3777941
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
- Commercial land
Property Details for 550 E State Road 60
- Year built
- 1984
- Lot size
- 3.59 lot acres
- Property size
- 32,844 SF
- Zone code
- C-3
- Property type
- Commercial land
- APN
- 273003000000023020
- APU
- 273003000000023020
Description
This exceptional 4.3-acre commercial land parcel presents a prime development opportunity in Lake Wales, Florida. Located on State Road 60, it boasts 27,000 average daily vehicles and is near the intersection with US 27 (29,500 daily vehicles). The property is an outparcel to a Save-A-Lot anchored retail center, offering excellent visibility and accessibility. Zoned C-3 (Highway Commercial), permitted uses include restaurants, hotels, motels, professional offices, auto service stations, convenience stores, and retail stores. The site's future land use designation is Community Activity Center, further enhancing its development potential. Its strategic location is complemented by proximity to Lake Wales Municipal Airport (1.6 miles), Lake Wales Medical Center (2.7 miles), and the renowned Bok Tower Gardens (5.2 miles). Significant highway improvements at the US 27 and SR 60 interchange are underway, promising enhanced traffic flow and regional accessibility. The asking price is $1,500,000, representing a price per acre of $325,000. The property's APN is 273003000000023020. This is a rare opportunity to acquire a well-positioned commercial development site in a thriving Florida community.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,395,000
- ML approach
- $1,585,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,931,000
Market price range: $1.64M - $7.44M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.6026
- Latitude
- 27.8988
- 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
$5,920
$304,875
$0.00
$304,875
-
$304,875
$0.00
$304,875
