16905 Hwy 27 Lake Wales Florida | Home for Sale
To schedule a showing of 16905 Hwy 27, Lake Wales, Florida, Call David Shippey at 863-521-4517 TODAY!
Lake Wales, FL 33859
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 8,500SqFt
- 1954Year Built
- 2.33Acres
- MLS# L4946852
- Commercial
- HotelMotel
- Active
- Approx Time on Market1 month, 11 days
- Area33859 - Lake Wales
- CountyPolk
- Subdivision N/A
Overview
Prime Income-Producing Property with tremendous Growth Potential in Lake Wales, Florida. Seize this extremely rare opportunity to invest in a commercially zoned BP property within the city limits of Lake Wales, Floridaa city on the brink of significant growth. This income-producing asset boasts 9 fully leased hotel units, a 3-bedroom Inn keepers' home, and a commercial restaurant with banquet hall. In addition, there are two efficiency units to be completed and also, the possibility to rebuild 10 rooms that were demolished after a fire. All this will significantly increase income potential. The property offers a fully functional commercial kitchen, with an oversized dining room/banquet hall and fully equipped bar as well. The space is perfect for a restaurant, banquet hall, or event space. The kitchen has operated as a successful Jamaican restaurant for three years and was recently closed by the owner, due to prevailing family issues. (kitchen equipment to be negotiated upon sale of the property). With all its features, the property's' income potential is incredibly enhanced and provides a versatile venue for a variety of business ventures. Situated on a spacious 2.33-acre parcel, this property not only generates immediate revenue but also presents a golden opportunity for future expansion of the Highway 27 corridor. Given the predicted growth trajectory of Lake Wales, this land is perfectly poised for the development of a future hotel, tapping into the increasing demand for hospitality services in the area. Position your investment for the future in one of Central Floridas emerging markets. All leases on the property are month to month. Seller is diligently working on leasing the remaining units & restaurant & lounge, to get the property operating at full income potential. 11 hotel rooms, 1 single family home, and commercial restaurant total to be rented. Call today for details and your private showing.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Building Info
Roof: Shingle, Tile
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Net Operating Income: 182,000
Original Price: $1,500,000
Disclosures: DisclosureonFile,SellerDisclosure
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Spa: No
Lot Info
Direction Remarks: Take Highway 27 South from Highway 60 and the property will be down on your left.
Lot Size Units: Acres
Lot Size Acres: 2.33
Lot Sqft: 101,556
Road Frontage Type: Highway
Est Lotsize: 334x330
Vegetation: FruitTrees
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 14
Class Type: HotelMotel
Property Sub Type: HotelMotel
Property Condition: NewConstruction
Property Attached: No
New Construction: No
Construction Materials: Block
Total Stories: 1
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 8,500
Bulding Area Sqft: 8,500
Living Area Units: SquareFeet
Tax Info
Tax Year: 2,023
Tax Legal Description: S1/2 OF SE1/4 OF SE1/4 OF SW1/4 LYING E OF HWY LESS R/W FOR US 27
Tax Annual Amount: 4631.82
Tax Book Number: P-81
Unit Info
Rent Controlled: No
Utilities / Hvac
Electric On Property: ,No,
Heating: Central
Cool System: Partial, WallWindowUnits
Cooling: Yes
Heating: Yes
Waterfront / Water
Waterfront: No
View: No
Directions
Take Highway 27 South from Highway 60 and the property will be down on your left.This listing courtesy of Coldwell Banker Realty
The information being provided by © 2024 My Florida Regional MLS DBA Stellar MLS is for the consumer's
personal, non-commercial use and may not be used for any purpose other than to
identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-24-2024 11:26 AM EST.
If you have any questions on 16905 Hwy 27, Lake Wales, Florida, please call David Shippey at 863-521-4517.
MLS# L4946852 located at 16905 Hwy 27, Lake Wales, Florida is brought to you by David Shippey REALTOR®
16905 Hwy 27, Lake Wales, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 16905 Hwy 27, Lake Wales, Florida is L4946852.
The price for 16905 Hwy 27, Lake Wales, Florida is $1,500,000.
The status of 16905 Hwy 27, Lake Wales, Florida is Active.
The subdivision of 16905 Hwy 27, Lake Wales, Florida is .
The home located at 16905 Hwy 27, Lake Wales, Florida was built in 2024.
Related Searches: Chain of Lakes Winter Haven Florida