For Sale
$3,499,000

126 State Road 60 Lake Wales, FL 33853

High-visibility SR 60 retail, 19,931 SF

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 19,931-square-foot retail building situated on a 1.95-acre lot at 126 State Road 60 West in Lake Wales, Florida. Currently occupied by a closing Badcock & More furniture store, this property offers significant redevelopment potential. The freestanding building boasts excellent visibility and frontage on SR 60, a major thoroughfare, with convenient proximity to US 27. The property includes two buildings, constructed in 1988 and renovated in 2006, and sits on four parcels (APN: 273002903500008404, 273002903500008402, 273002903500008403, 273002903500008401) zoned C2. The asking price is $3,499,000, translating to $175.56 per square foot. The property's 100% occupancy currently provides immediate income, although the primary tenant is vacating soon. Ample land behind the main building allows for expansion or additional parking. A small residential dwelling is also included on the property. This prime location in a growing area of south Lake Wales makes this a compelling investment for savvy buyers seeking high-visibility retail space with redevelopment potential. The property offers a unique blend of immediate income and long-term growth opportunities.

Highlights

  • $3,499,000 asking price for a 19,931 SF retail property in Lake Wales, FL.
  • High-visibility retail space on SR 60, near US 27.
  • Freestanding building with excess land for parking or expansion.
  • Includes a small residential dwelling.
  • Currently 100% occupied by a closing Badcock & More store, offering redevelopment potential.

Property Details for 126 State Road 60

Property type
Retail properties, Office properties
Square Feet
19,931 SF
Year Built/Renovated
1988/2006
Buildings
2
Stories
1
Lot Size (sq. ft)
84,942 SF
Units
1

Location Insight

City
Lake Wales
County
Polk
State
Florida
Latitude
27.8969497
Longitude
-81.593362

FAQs

What type of property is this?
Retail property - High-visibility SR 60 retail, 19,931 SF
Where is the retail property located?
The property is located at 126 State Road 60 Lake Wales, FL.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: $3,499,000 asking price for a 19,931 SF retail property in Lake Wales, FL.; High-visibility retail space on SR 60, near US 27.; Freestanding building with excess land for parking or expansion.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
126 State Road 60
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message