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Commercial Restaurant/Lounge
Commercial Restaurant/Lounge
Commercial Restaurant/Lounge
Hotel Rooms
Single Family Home
Hotel Rooms
Rear View of Singel Family Home
Bonus Building (Potential to build out and increase rental)
Restaurant
Restaurant
Restaurant/Banquet Hall
Kitchen (Equipment Negotiable)
Commercial Kitchen
Bar area of Restaurant
Bar area of Restaurant
Restaurant/Banquet Hall
Cooler
Kitchen in Single Family Home
Single Family Living Area
Bathroom in Single Family
Bedroom 1 - Single Family Home
Bedroom 2 - Single Family Home
Bedroom 3 - Single Family Home
Aerial View Looking East
Aerial View Looking NE
Aerial View Looking NW
Aerial View Looking West
Aerial View Looking South
Aerial View Looking SE
Aerial View
$1,500,000
-
beds
-
baths
8,500
sqft
Real Estate Professional
C.

Description

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, Florida—a 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 Florida’s 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.


Listed by Brandy Duncan, .

Property Highlights

  • Acres: 2.33
  • County: Polk
  • Year Built: 1954
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Central
  • Property Type: Commercial, Hotel/Motel
  • MLS #: L4946852

General Information

Area 33859 - Lake Wales
Property Subtype Commercial Sale
Property Type Hotel/Motel
Taxes $4,631

Property Features

Construction Materials Block
Cooling Wall/Window Unit(s)
Heating Central
Interior Square Footage 8,500
Lot Size Acres 2.33
Lot Size Dimension 334x330
Lot Size Square Feet 101,556
Roof Shingle, Tile
$1,500,000
-
beds
-
baths
8,500
sqft
Real Estate Professional
C.
Location
16905 Hwy 27, Lake Wales, FL 33859 Driving Directions
Similar Listings
St-Pete-Harbor
Nearby Schools
Listed by Brandy Duncan, Coldwell Banker Realty.

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