High Visibility Neighborhood Strip Center — Sale in Lake Wales, FL

  • Price: $995K
  • Listing type: For sale
  • Asset type: Business
  • Location: Lake Wales, FL 33853
  • Size: 11,700 SF

Investment Figures

Cap rate
4.60%
Price per square foot
$85

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

We are pleased to present this high-visibility neighborhood strip center investment opportunity located on State Road 60 West in Lake Wales, Florida. Strategically positioned between US Highway 27 and State Road 17, the property is situated just west of the Publix-anchored Southgate Shopping Center, placing it in the heart of one of Lake Wales' primary commercial corridors. With a combined traffic count of approximately 29,600 vehicles per day along State Road 60 and West Polk Avenue, the center benefits from excellent visibility and consistent exposure to local consumers. The shopping center consists of 10 total units, several of which are currently combined, resulting in five occupied tenant spaces. The property is anchored by established tenants including Boost Mobile, Pawn Smart, and Breath of God Worship Center. Multiple leases extend beyond 2028, providing stable income, while two spaces are expected to become available within the next six months, creating an opportunity to increase rental income through new leasing activity. Situated on 1.02± acres, the property offers 40 dedicated parking spaces, dual points of ingress and egress, and rear delivery access with loading doors, providing convenient access for both customers and tenants. Building SF: 11700 | Land Size: 1.02 Ac | Listing Type: FOR SALE

Market Context

This commercial property in Lake Wales, FL is listed for sale at $995,000 across 11,700 SF. It is offered at an approximate 4.6% capitalization rate, a key benchmark for income-producing commercial property assets. It has been on the market for 9 days. Compare it against other commercial property listings for sale in Lake Wales, FL — view the full market.

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