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Property profile & analytics
FOR LEASE
Drive through restaurants

612 State Road 60 W Lake Wales, FL 33853

3,288 SF 0.45 ac lot Built 1979
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5273338
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1979
Total area 3,288 SF
Lot 0.45 ac (19,550 SF)
Zoning code C-3
APN 273003000000023030
UPID US18-5273338
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
  • Popeyes Louisiana Kitchen Restaurant
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Qsr 30 Land II LLC · 5 yrs held
Qsr 30 Land II LLC
since 2021
3 recorded transactions
2021
Price N/A
2019
$715,000
2018
$4.6M
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and large-scale commercial establishments and a full range of commercial and professional use

Zone name Highway Commercial
General category COMMERCIAL
Zone area 635.05 ac
Source Realmo
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