For Sale
$1,200,000

3106 State Road 60Lake Wales, FL 33898

High-yield, fully leased property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity in Lake Wales, Florida, presents a compelling prospect for immediate income generation. The property, situated on a 0.5-acre corner lot at 3106 E State Rd 60, boasts two buildings totaling 2,829 square feet. One building, a 1,008 square foot office/retail space, is currently utilized as a used car lot. The second building is a 1,821 square foot triplex, ensuring a consistent rental income stream. Both buildings are fully leased. The property features a paved parking lot, a fully fenced perimeter, prominent pylon signage, and benefits from high visibility due to its four-lane highway frontage and proximity to a gas station. Built in 1950 and 1955, the property is zoned LCC, offering considerable flexibility for future development and use. The location is highly advantageous, situated just off the busy Highway 60, a major thoroughfare connecting Tampa and Vero Beach, guaranteeing significant traffic exposure. Nearby amenities include Walmart, McDonald's, Winn-Dixie, Harbor Freight Tools, and Hillcrest Elementary School. The property's proximity to Lake Wales Country Club and popular tourist attractions like Bok Tower, Spook Hill, and Lake Aurora Christian Camp & Retreat Center further enhances its appeal. The asking price is $1,200,000, translating to $424.18 per square foot. Parcel numbers are 28-30-08-941000-002050 and 28-30-08-941000-002060. This is a turnkey investment ready for a new owner to capitalize on its strong income potential and prime location.

Highlights

  • Fully leased mixed-use property generating immediate income.
  • Corner lot on Hwy 60 with high visibility and traffic counts (FLDOT: 23,500).
  • Two buildings totaling 2,829 sq ft: 1,008 sq ft office/retail (currently used car lot) and 1,821 sq ft triplex.
  • LCC zoning allows for flexible future development.
  • Asking price: $1,200,000 ($424.18/sq ft).

Property Details for 3106 State Road 60

Property type
Retail properties, Mixed-use properties
Square Feet
2,829 SF
Year Built
1950
Buildings
2
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Lake Wales
County
Polk
State
Florida
Latitude
27.8940987
Longitude
-81.5384299
3106 State Road 60, Lake Wales, Florida

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3106 State Road 60
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