600-740 State Road 60 W - Storefront Retail/Office FOR SALE
Lake Wales, FL 33853 |
$9,950,000 USD
407-557-3829
600-740 State Road 60 W
Lake Wales, FL 33853
HIGHLIGHTS
- 100,806 RSF Plaza | 85% Occupied | One Parcel 14.69 Acres
- Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
- Diverse Tenant Mix Includes Tax Collector of Polk County
- Very Stable and Reliable Cash-Flow | High Percentage of Rent Coming From Credit Tenants
- Priced Substantially Below Replacement Cost ($106/SF)
- Direct Frontage & Monument Signage Along State Road 60 | AADT 28,000
FOR SALE DETAILS
PRICE
$9,950,000 USD
PRICE/SF
$99 USD /SF
CAP RATE
7.05%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LAKE WALES PLAZA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
354
LAND DETAILS
LAND ACRES
15.1 AC
LAND SF
657,756 SF
ZONING
C-3
APN/PARCEL ID
03-30-27-000000-014100
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407-557-3829
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407-557-3829
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