Commercial/Hotel Site on US 27 & SR 60

Vacant Land for Sale
Catylist Listing ID: 8549568
Property Subtypes: Hospitality, Multi-Family, Retail, Vacation/Resort, Other
Gross Land Area: 5.50 Acres
Sale Price: $595,000
Unit Price: $108,181 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/8/2018

Overview / Comments

Commercial parcel with great visibility, located at the interchange of two major highways in Lake Wales, Florida. High traffic counts (28,000/day on US 27 and 19,900/day on SR 60). Would serve as a great hotel site. It would also be ideal as an office, corporate headquarters or apartment site. Legoland Florida will be opening in Winter Haven (to north) in Fall 2011

Attachments & Media

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 273003000000021030
Market Type: Medium
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Highway 27
Feet of Frontage: 300
Traffic/Vehicle Count: 27,000
Highway Access: Excellent access from U.S. Highway 27, Central Avenue and Miami Street. There are existing businesses on the north and western boundaries of the subject property with shared access that is mutually beneficial to all property owners.
Site Description: Vacant land (5.6583 Acres). On east side of U.S. Highway 27, with additional frontage on Central Avenue (northern boundary) and on Miami Street (eastern boundary). SR 60 is on southern boundary (no direct access; however the entrance ramp to US 27 from SR 60 is on the SW corner of the property). Central Avenue is the gateway to downtown Lake Wales.
Lot Frontage: 300
Zoning Description: City of Lake Wales - Highway Commercial (C-3) zoning and Community Activity Center (CAC) future land use. C-3 Highway commercial district. This district 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 uses (emphasis supplied).

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,564 16,634 29,400
Median Age: 37.93 40.67 44.51
Households: 1,050 6,550 11,965


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