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32.7 Acre Commercial Potential

Highway 60 West : Lake Wales, FL 33853

Polk County, Florida

Shown by Appointment Only

32.70 Acres
$575,000
$15,290 / ac
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Farm Description

32.7 acres has about 900 ft. frontage on 4 lane Hwy. 60 at 2 points. Property adjoins City of Lake Wales commercial zoning. Current land use designation for this property is BPC-1x which is the Gateway Selected Area Plan.

Property is currently leased and utilized for agriculture. The property adjoins United Parcel Service on East side and Kentucky Fried Chicken on the West end.

Property is fenced.

There is a 12 inch City of Lake Wales water line along the frontage and there is city water to this property. There are areas of the property in the 100 year flood zone but the majority is on well drained soils with elevation as high as 130 ft. above sea level.

This property immediately joins 2.13 acres of commercially zoned land that was previously a Captain D's restaurant. This 2.13 acres shares a 50' easement with KFC and in contacting the owner of the easement, they have indicated that they would consider sharing this easement and its maintenance with the owner of the 32 a/c if such sharing was compatible with their use. The FL Dept. of Transportation is currently working on finalizing plans to re-design the intersection of US 27 and SR 60 (just East of this property) in order to accommodate increased traffic and this should encourage development in this area. The plans, as proposed, appear to create positive improvements to this property.

Property is shown by appointment

Directions

From the intersection of US Hwy. 27 and Hwy. 60, go about 1/4 mile West and property is on the left side immediately adjoining United Parcel Service.

Annual Taxes
$414
Owner Will Subdivide
No
Owner Will Finance
No
Owner Will Lease
No
Covenants / Restrictions
No
Residence / Home
No
Commercial Building
No
Zoning
Agricultural
Terrain
Gently Rolling
Access
State Highway
Electricity Service
Yes
Telephone Service
Yes
Water Service
Yes
Sewer Service
No
Natural Gas Service
Yes
Cable TV Service
No
Cell Service
Yes
Internet Service
No
Well
Yes
Septic
Yes
MLS / Other ID
273003000000023070 and 024030
Posted on FARMFLIP
1368 Days Ago
Last Updated
45 Days Ago
FARMFLIP ID
64911
03/09/2017
$575,000
$75,000
15.0%
05/20/2016
$500,000
$-154,000
-23.5%
Farm features, descriptions, details, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by FARMFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the advertiser directly regarding this listing.