This ± 9-acre commercial site sits within one of Lake Wales’ most active retail growth areas. The property carries a CEX (Commercial Enclave-X) future land use designation, supporting commercial development within an established retail concentration—ideal positioning for neighborhood and regional-serving retail. Annexation opportunity: City of Lake Wales Growth Management indicates the property may be eligible for annexation with potential C-3 Commercial zoning (buyer to verify annexation eligibility, zoning, and allowable uses). The surrounding US-27 corridor is already functioning as a proven national-brand cluster anchored by ALDI and complemented by strong restaurant and service-retail co-tenancy, including Panera. The combination of grocery-driven daily traffic and established restaurant draw creates durable retail fundamentals—high trip frequency, strong tenant-to-tenant cross-shopping, and consistent US-27 visibility.
Financial Considerations
Price:
$2,115,000
HOA Fee:
N/A
Tax Amount:
$297.51
Price per SqFt:
$5.4
Tax Legal Description:
BEG SW COR OF SE1/4 OF SW1/4 RUN E 161.40 FT N 100 FT TO POB RUN N 27 DEG 18 MIN 07 SEC W 1308.34 FT E 370.95 FT S25-00-45E 1207.12 FT S64-59-15W 158.10 FT W 137.96 FT TO POB