600-740 State Road 60 W - Storefront FOR SALE
Lake Wales, FL 33853 |
$9,750,000 USD
407-557-3847
600-740 State Road 60 W
Lake Wales, FL 33853
HIGHLIGHTS
- 98,075 RSF Plaza | 87.8% Occupied | One Parcel 12+/- Acres
- Save-A-Lot Anchored Plaza | Strong Anchor Tenant History | Tenant Since 1998
- Diverse Tenant Mix Including AAA Credit Government Tenants, Regional Retailers and Medical Tenants
- Value-Add Upside Through Vacancy Lease-Up, Below Market Rents and Potential Outparcels (See Page 8)
- Priced at $99/SF - Substantially Below Replacement Cost
- Direct Frontage & Monument Signage Along State Road 60 (AADT 28,000)
FOR SALE DETAILS
PRICE
$9,750,000 USD
PRICE/SF
$97 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lake Wales Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
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
27-30-03-000000-014100
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407-557-3847
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407-557-3847
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