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$ 4,800,000.00

245 W Lake Wales Rd S, Lake Wales fl 33859
  • Lot size: 192 acres


  • Additional Features: This is a great site for development since it joins commercial/industrial land designation on 3 sides, has extensive frontage on 4 lane Hwy. 60, frontage on West Lake Wales road, both on North and South side of Hwy. 60, goes South to the Florida Midland Rail which connects to the CSX rail siding and property is close to Lake Wales airport.

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198 +- acres Central Florida. Industrial and commercial land use designation on 3 sides. 3,359 ft. frontage on State Highway 60, a major East/West corridor in Florida which will be scheduled for future 6 lanes of traffic. 3,441 ft. frontage on paved West Lake Wales Road, a rural minor collector road. 2,300 frontage on Florida Midland Rail connecting to CSX rail. The property previously included portions for citrus grove, each separately irrigated and this has been converted to fenced pasture with wells still operative. A beautiful 3,228 sq. ft. under roof home built in 1948 which has been completely updated, yet still retaining the historic features. Detailed information is available on this for a qualified buyer. There are several other service buildings including cattle pens, a 2 car garage located to the South of the residence which was originally the site of parents residence. (the electric service pole and well are still there) There are 5 wells on the property servicing previous grove area, residence, pasture, etc. 4 of these are connected. Detail available. The pasture is leased and there is also income from 2 large billboard signs on Hwy. 60. This income information is available to a qualified buyer but certainly is not adequate to amortize the purchase of the land. Real estate taxes are currently about $ 2,000. per year. There is an underground natural gas transmission line going through the property and this would be a distinct advantage to a large company needing the availability of this resource. The electric service for this site is Duke Electric and they have a large sub station just West of this property that is prepared to service large industrial or commercial uses. Telephone service is Verizon, Satellite and numerous wireless services are available. The residence includes an active security system. Polk County provides garbage collection and this is included in the real estate tax notices. This property has very distinct advantages as to location and easy accessibility. The industrial and commercial land use classifications on 3 sides, the active rail on the South side, high visibility, convenient access to highway 60 from the considerable West Lake Wales Road frontage, close proximity to the Lake Wales Airport which can accommodate small jets and is currently in process of extending their runways to accommodate larger aircraft and more business. City of Lake Wales city limits on East boundary, approximately 4 miles by to the new CSX Integrated Logistics Center, Highway 60 will is one of the major access routes to the CSX development and this site for sale could accommodate one or more of the service areas for this facility. This is an informative information link as to the CSX site. The proposed Central Polk Parkway design currently shows it intersecting Hwy. 60 near the East border of this property and going North from there to I-4. This current design would appear to enhance the value and utilization of this property in a positive way. If completed, it would make very convenient access from Hwy. 60 North and from I-4 or US 27 South to Hwy. 60. There are questions at this time as to the feasibility of this project and currently consideration is being reviewed for a possible Advocacy Group. This site will be updated when additional information is available. There are concerns regarding the amount of traffic on SR 60 and US 27 and this Parkway would certainly address those concerns and should increase development accordingly. The property is shown by appointment only to a qualified buyer. BROKER PARTICIPATION IS ENCOURAGED.