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Unique opportunity to own a new contemporary attractive, retail store with frontage on US Highway 27 which is a major 4 lane highway. Property can be utilized for light iustrial, office and some retail uses. Property is minutes from Legoland Florida, JC Penny and Dillard stores.
Electricity furnishd by Progress Energy. Water and sewer services provided by the city of Lake Wales. Irrigation water is reclaim water from the city of Lake Wales.
The parcel is large enough to build an additional building or the parcel could be split.
2011 appraisal gives a final opinion of value of $ 3,645,000. to the property as is. - Tenancy: Multiple Tenants
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The typical asking rate per listing is in the $0's per square foot per year. The Lake Wales submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 100% decrease in rent.
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