0 Burns AveLake Wales, FL 33853

Property Details for 0 Burns Ave

Lot size

76.95 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 76.95-acre land parcel in Lake Wales, Florida, presents a remarkable opportunity for residential development. Located on Burns Ave, with a Polk County address and zip code 33853, this property is zoned R-3 - PD (Planned Development), allowing for the construction of up to 520 residential units. The site boasts a prime location within a thriving residential area, offering convenient access to shopping and essential amenities. This makes it an ideal location for a high-rise multifamily development or other residential projects. The asking price is $12,000,000, translating to approximately $23,076 per unit. The property's APN is 27-29-22-866300-041010. This versatile investment opportunity is situated in a growing community, promising significant returns for the right developer. The property's ownership is classified as "Development," indicating its readiness for immediate project commencement. This is a unique chance to capitalize on the strong residential market in Lake Wales, Florida. The property's coordinates are latitude 27.913858 and longitude -81.5672898.

Location Insight

City

Lake Wales

County

Polk

State

Florida

Latitude

27.9139

Longitude

-81.5673

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