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242 S Scenic Hwy 10,464 SF 3% Leased Retail Building Lake Wales, FL 33853 $650,000 ($62.12/SF)
INVESTMENT HIGHLIGHTS
- Corner lot with frontage on Scenic Highway (State Road 17), offering excellent visibility and easy access from three streets (Scenic Hwy, Bullard Ave,
- Former Firestone facility featuring multiple service bays, a drive-thru bay, loading dock, showroom, and office space.
- Ample parking with up to 46 spaces, plus all city utilities available (water, sewer, electric, internet).
- Approximately 10,117 sq. ft. of building space on a 0.68-acre lot, zoned C-2 .
- Currently configured as an income property with five rentable units, generating over $6,100 per month in rental income.
EXECUTIVE SUMMARY
Attention Commercial Investors. Commercial opportunity in Lake Wales, Florida. The parcel size is .6781 acres with large commercial building currently on parcel. This building is an old Firestone Building. The vacant lot right in the front of the building is also listed for sale. Parcel ID 37-30-01-883000-045052. Access from the road directly to this property from the west, east and south. Great location for future growth in Lake Wales. Call today for your private showing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,464 SF
Building Class
C
Year Built
1980
Price
$650,000
Price Per SF
$62.12
Percent Leased
3%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.35
Lot Size
0.68 AC
Zoning
C-2 - Mixed use, auto sales, auto repair, retail, office use approved. See attached zoning chart for C-2 with the City of Lake Wales, FL
Parking
46 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
175’ on S Scenic Hwy
AMENITIES
- Corner Lot
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-30-01-883000-045060 | Improvements Assessment | $109,323 |
| Land Assessment | $61,963 | Total Assessment | $171,286 |
PROPERTY TAXES
Parcel Number
27-30-01-883000-045060
Land Assessment
$61,963
Improvements Assessment
$109,323
Total Assessment
$171,286
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242 S Scenic Hwy
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