19254 Hwy 27Lake Wales, FL 33853

Property Details for 19254 Hwy 27

Year built

1958

Lot size

0.36 AC

Property size (Sq ft)

1,850 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Auto shops

APN

273003911000004010

APU

273003911000004010

Description

This exceptional 0.45-acre commercial property, located at 19254 HWY 27 S in Lake Wales, Florida (zip code 33853), presents a compelling investment opportunity. Priced at $499,000, this strategically positioned lot offers significant potential for various commercial ventures. Situated on the bustling US Highway 27, just south of State Road 60, the property benefits from high visibility and accessibility, with convenient access from both north and south directions. The north access point even includes a left-turn lane. Previously used as an automotive service center, the existing 3,770 square foot building (3,320 square feet heated) constructed in 1958, provides ample space for a variety of uses, including retail, service operations, or office space. The property consists of two parcels, offering flexibility for development or expansion. This prime location in Polk County, Florida, ensures high traffic flow and exposure, making it an ideal investment for businesses seeking a prominent presence in a growing market. The property's 1,400 square foot building offers immediate usability while the land provides ample room for future expansion or redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $794,815

  6.5%

  $733,675

  7%

  $681,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,724

  Geo Method

  $732,074

• Alternative Use

  Use

  Valuation

  Residential

  $618,882

  Hospitality

  $566,893

  Educational

  $471,648

  Medical

  $487,869

  Retail

  $733,675

Location Insight

City

Lake Wales

County

Polk

State

Florida

Latitude

27.8965

Longitude

-81.6004

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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