612 State Rd 60th W Lake Wales, FL 33853-4419
- Drive through restaurants
- 3,288 SF
- 0.45 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Chicken Restaurant / Cajun Restaurant
- Arby's / Restaurant / Takeout Restaurant
Property Details for 612 State Rd 60th W
- Year built
- 1979
- Lot size
- 0.45 lot acres
- Property size
- 3,288 SF
- Zone code
- C-3
- Property type
- Drive through restaurants
- APN
- 273003000000023030
- APU
- 273003000000023030
Description
This exceptional 3,288-square-foot retail space, located at 612 E State Rd 60 in Lake Wales, Florida, presents a unique opportunity for a discerning business owner. Situated on a 0.45-acre lot, this single-tenant building boasts ample parking with 26 spaces, ensuring convenient access for customers. The property is zoned C-3 (Highway Commercial), ideal for a variety of commercial uses, particularly restaurants given its previous use as a Popeye's. The entire 3,288 square feet is currently vacant and ready for immediate occupancy. The building's location on State Road 60 provides excellent visibility and accessibility, guaranteeing high traffic volume. This property is situated in Polk County, Florida, with a zip code of 33853. The convenient location and ample parking make this a highly desirable space for a restaurant or other commercial enterprise seeking a strong presence in a busy area. The property's size and zoning offer flexibility for various business models. This is a rare opportunity to secure a well-located, spacious commercial building in a thriving community. Don't miss out on this chance to establish your business in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $425,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $420,000
- Mixed-Use
- $510,000
- Hospitality
- $535,000
- Educational
- $500,000
- Residential Income
- $495,000
- Energy
- $425,000
- Income-Based Land
- $485,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.6038
- Latitude
- 27.8988
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
