650 State Road 60Lake Wales, FL 33853
100,000 SF Shopping Center, 7.35% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
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
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