Active

$995,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 11700 sq ft
Overview
  • ID: MFRP4939454
  • Bedrooms:
  • Bathrooms: 0
  • Size: 11700 sq ft
Property Details
Remarks
We are pleased to present this high-visibility neighborhood strip center investment opportunity located on State Road 60 West in Lake Wales, Florida. Strategically positioned between US Highway 27 and State Road 17, the property is situated just west of the Publix-anchored Southgate Shopping Center, placing it in the heart of one of Lake Wales' primary commercial corridors. With a combined traffic count of approximately 29,600 vehicles per day along State Road 60 and West Polk Avenue, the center benefits from excellent visibility and consistent exposure to local consumers. The shopping center consists of 10 total units, several of which are currently combined, resulting in five occupied tenant spaces. The property is anchored by established tenants including Boost Mobile, Pawn Smart, and Breath of God Worship Center. Multiple leases extend beyond 2028, providing stable income, while two spaces are expected to become available within the next six months, creating an opportunity to increase rental income through new leasing activity. Situated on 1.02± acres, the property offers 40 dedicated parking spaces, dual points of ingress and egress, and rear delivery access with loading doors, providing convenient access for both customers and tenants.
Financial Considerations
Price:
$995,000
HOA Fee:
N/A
Tax Amount:
$15209
Price per SqFt:
$78.5
Tax Legal Description:
TWIN LAKE PARK SUB PB 3 PG 8 BLK 8 LOT 1 S 135 FT & S 185 FT OF E1/2 OF LOT 2
Exterior Features
Lot Size:
44431
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1988
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    104 STATE ROAD 60 W
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
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