19.18 ac Potential Res Dev City of Lake Wales

Vacant Land for Sale
Catylist Listing ID: 30731318
Property Subtypes: Residential (Single Family)
Gross Land Area: 19.18 Acres
Sale Price: $900,000
Unit Price: $46,923 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

PROPERTY DESCRIPTION - The opportunity is to purchase 19.18 acres of vacant residential land on Scenic Highway in Lake Wales. The current land use is A/RR(Agricultural/Residential Rural). However, the City of Lake Wales surrounds the property and annexation into the City could result in residential zoning. The surrounding properties are zoned similarly.

The property appears to be high and dry, but there is a noticeable depression in the middle that is shown as being in the flood zone. Per SWFWMD, there is one 8" well.

LOCATION DESCRIPTION - The property is located at the corner of Scenic Highway (State Road 17) and C.F. Kinney Road in Lake Wales in Polk County. It's across the street from the Dinner Lake Shores community and one half-mile north of Chalet Suzanne Road.

The property is centrally located as it's only a few miles from Winter Haven, Dundee, and Haines City. Schools, medical, and local shopping, including Eagle Ridge Mall, are in close proximity. Also, its location allows for easy commutes to attractions like Legoland (10 minutes), Disney World (45 minutes), and Universal Studios (50+ minutes). Lastly, both Tampa and Orlando are within one hour.

PROPERTY SIZE - 19.18 Acres

FUTURE LAND USE - A/RR

PRICE - $900,000

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 272910000000022020

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,096 40,367
Median Age: 45.5 45.65
Households: 4,914 16,674

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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