242 S Scenic Hwy
Lake Wales, FL 33853
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- former Firestone auto repair with 9 garage doors and showroom with offices
EXECUTIVE SUMMARY
Great opportunity in the fast growing and developing City of Lake Wales, which is located in Polk County the fastest growing county in Florida. This listing is for one parcels .17 acre located on 200 s scenic Hwy with excellent visibility. just a few blocks from downtown Lake Wales. This parcel is zoned C2 with 0 setbacks in front and sides. This district is designed to encourage and facilitate a mix of residential uses and commercial including retail stores, offices, restaurants, apartments, and live/work units in street-oriented buildings .Lake Wales is home to Bok Tower, Kissimmee State Park, Westgate River Ranch Resort and is near Winter Haven, home of Legoland
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Building Size
11,464 SF
Building Class
C
Year Built
1980
Price
$1,200,000
Price Per SF
$105
Cap Rate
8.38%
NOI
$100,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.39
Lot Size
0.68 AC
Zoning
C-2 - Mixed use
Frontage
175 FT on S Scenic Hwy
AMENITIES
- Corner Lot
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
PROPERTY TAXES
Parcel Number | 27-30-01-883000-045060 | Improvements Assessment | $107,028 |
Land Assessment | $61,963 | Total Assessment | $168,991 |