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222 S 1st St
Lake Wales, FL 33853
Lake Wales Downtown Retail Strip Center · Retail Property For Sale
Investment Highlights
- 6,240 SF Retail Strip Center in downtown Lake Wales. Zoned C-2, City of Lake Wales
- Total current base rent - $65,463 + 5.5% tax. Proforma rents @ $15 PSF show income at $93,200 per year.
- Six electrical meters, one water bill for the whole building.
- Six total spaces in the strip center - five tenants with one tenant using two spaces.
- Property tax - $7,942 Hazard Insurance - $5,500
- 24 parking spaces in the main front lot, with additional room at the back of the property, which is accessed by a private alley.
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,240 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.48 AC
Zoning
C-2 - General Commercial, City of Lake Wales
Parking
24 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 27-30-02-907000-003230 | Improvements Assessment | $290,334 |
| Land Assessment | $79,800 | Total Assessment | $333,095 |
Property Taxes
Parcel Number
27-30-02-907000-003230
Land Assessment
$79,800
Improvements Assessment
$290,334
Total Assessment
$333,095
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