200 Acres of Commercial & Residential Development Lake Wales, FL Listing Details & Market Data

Exciting opportunity for a large Residential Development. Property is approximately 200 acres and has future land uses of Medium Density Residential and Regional Activity Center. Located along US Hwy 27 corridor in an area of booming commercial and residential development. This property offers an excellent opportunity for retail, multifamily, and single family development. It is located directly adjacent to Publix, Home Depot, Kohl's, and many other stores and restaurants. Additionally, it is directly across the street from the 600,000 square foot Eagle Ridge Mall. There is a proposed traffic light and new road which will split the commercial frontage on Chalet Suzanne Rd. and give this site two hard commercial corners at the new traffic light. Wetlands on site also carry 6 units/acre density which can be clustered onto uplands. This site surrounds a new 260 unit apartment complex which has enjoyed record rental rates for the City of Lake Wales. The southern portion of Star Lake Blvd. will be constructed for access to the apartments and will terminate and the new traffic light to be installed. A new PDP was approved allowing for a maximum density of 1,650 dwelling units. A 552 unit apartment project on the site is approved. May also qualify for development incentives to complete road project.Exciting opportunity for a large Mixed Use, Multifamily or Single Family Residential Development. 2 traffic lights and a third installed soon for access. Property is approximately 200 acres and has future land use of Medium Density Residential and zoning of R-3. Located along US Hwy 27 corridor in an area of booming commercial and residential development. It is located directly adjacent to Publix, Home Depot, Kohl's, and much more. It is directly across the street from the 600,000 SF Eagle Ridge Mall. This site surrounds a new 260 unit apartment complex which has enjoyed record rental rates in the City of Lake Wales. The southern portion of Star Lake Blvd. will be constructed for access to the apartments and will terminate and the new traffic light to be installed.