650 State Road 60 Lake Wales, FL 33853
100,000 SF Shopping Center, 7.35% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 100,806 square foot shopping center on a 14.698-acre parcel, 84% occupied.
- Save-A-Lot anchored plaza, strong anchor tenant since 1998.
- Diverse tenant mix including Polk County Tax Collector, regional, and medical tenants.
- Value-add opportunity through lease-up, rent increases, and outparcel development.
- Priced substantially below replacement cost at $98 per square foot.
- High visibility with direct frontage and monument signage on State Road 60 (AADT 28,000), multiple access points.
Property Details for 650 State Road 60
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 100,806 SF
- Year Built
- 1979
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 640,244,880 SF
- Units
- 19
Location Insight
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Latitude
- 27.900121232394
- Longitude
- -81.603964474501
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - 100,000 SF Shopping Center, 7.35% Cap Rate
- Where is the lifestyle center located?
- The property is located at 650 State Road 60 Lake Wales, FL.
- What is the asking price?
- The asking price for this property is $9,950,000.
- What are key features of this property?
- This property features: 100,806 square foot shopping center on a 14.698-acre parcel, 84% occupied.; Save-A-Lot anchored plaza, strong anchor tenant since 1998.; Diverse tenant mix including Polk County Tax Collector, regional, and medical tenants.
- 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].