Property Description

A prime corner lot at the intersection between SR 60 and Doherty Dr, Lake Wales. This property is currently zoned as Agriculture/Rural Residential(ARR), which allows a series of land uses, like religious institution, isolated convenience store, mobile home park etc (see attachment for all allowable land uses under ARR). Also, it can be rezoned to commercial use and has great commercial potential. Its frontage along with SR 60 has 660 feet. Strong, unobstructed visibility from SR 60; 13,700-16,800 Annual Average Daily Traffic (AADT); and easy ingress/egress with corner positioning, turn lanes and median cuts. Adjacent to Doherty Dr., the only access road leading into a 1,400-unit residential community, including NALCEST, Walden Shore of Lake Wales, and Lakeshore. There are other multiple communities within 7 miles, including Indian Lake Estates, Lake Walk-in-Water Estates and Saddlebag Lake Resort etc. Gold Coast Utilities is nearby and willing to extend utilities to the site. Size is 5.05 acres and flood zone X. It has enough space and is easy to develop businesses to serve locals. Don’t miss this investment opportunity. Seller Financing available. The cross-street property (TB8427879) is also available.