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- LoopNet Team
21380 S Highway 27
Lake Wales, FL 33859
Green Gables Inn · Hospitality Property For Sale · 24,853 SF
INVESTMENT HIGHLIGHTS
- Property sits on 9 Acres of land with access to Lake Padgett
- Swimming Pool
- Interior of most units have been renovated
- Non Franchise Property
- Meeting Room (36)
- Room to build another hotel on same property
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 24,853 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built | 1959 |
| Lot Size | 8.84 AC | Parking Ratio | 2.21/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.84 AC |
| Construction Status | Converted |
| Building Size | 24,853 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.21/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
ABOUT 21380 S HIGHWAY 27 , LAKE WALES, FL 33859
The Green Gables Inn consists of 56 Units sitting on approximately Nine (9) Acres and has access to a 60-acre lake in the backward portion of the property. The property is a single-story facility and is spread among Three (3) buildings. The hotel has a small meeting room with capacity for up to Thirty-Five (35), along with room for exercising facilities, etc. The property has a large swimming pool along with two exterior tennis courts. The hotel was totally renovated in the late 70’s and is operated as an independent (no franchise). The interiors of the rooms have been recently updated with new carpet, bedding, most furniture, TV’s and A/C units. The undeveloped portion of the acreage is sufficient to double or triple the size of the existing facility. Owners are retiring from day to day operations. THIS IS A CASH ONLY DEAL. There are no financials. No seller financing available.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,338,515 | |
| Land Assessment | $488,138 | Total Assessment | $1,947,111 |
PROPERTY TAXES
ZONING
| Zoning Code | RC, County |
| RC, County |
