www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
10341235
10341232

23279 US Hwy 27, Lake Wales, FL 33859

MR
FL BK3103038
RockMel Investments
Listed by RockMel Investments
$2,900,000
1188 days on market
Updated 63 days ago

23279 US Highway 27- Eagle Ridge Mall Outparcel

Details
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 5.700
Zoning C-3

Lake Wales Eagle Ridge Outparcel Excellent for Hotel, Restaurant, Storage

Marketing description

RockMel Investments with collaboration of Lakeside Realty Windermere is pleased to present Eagle Ridge Mall last remaining Outparcel "Lot 8" is the remaining lot as we recently have new retailers to welcome to the outparcels such as Freddy's Frozen Custard & Steakburgers, Sherwin Williams, Wash & Go Car Wash, Planet Fitness, Dollar General and more on the horizon.

Site is 90% pad ready to be developed with utilities, electric and water available at perimeter of sites. Sites usages include commercial, retail, office, medical, storage facility, car wash, & hotel. Seeking excellent visibility with Heavy Daytime Traffic over 40,000 ADT on US Hwy 27 this is the ideal site for your new location. Lot 4 recently sold to Wash And Go to compliment the area with the demand due to the increase of traffic counts. The area is exploding with growth and demand since the national dealership has opened. Lot 2 just sold to Freedy's Frozen Custard & Steakburger. Come be apart of demanding growth as of May 2022 Forest Lake, is a newly-approved 295-unit single-family neighborhood, will include 66 townhomes. It is planned for 97.35 acres just to the east of Eagle Ridge Mall on the south side of Chalet Suzanne Road. May 2022, A calculation by LakeWalesNews.Net staff has indicated that more than 12,000 new single-family homes, townhomes, apartments, and mobile homes are included in developments already on the drawing table. At least three other projects have been proposed but remain to be defined. Come be apart of the growth.

On February 2023 BTI Partners is looking to develop 6,000 homes across from the Eagle Ridge Mall.

https://www.growthspotter.com/news/residential-property-developments/gs-news-bti-wheelock-lake-wales-lennar-20230226-wi5kxxnkejf6dblfzc4pdtt2pa-story.html

The City of Lake Wales Florida is located in Polk County and lies among rolling hills on the highest ground in peninsular Florida. The city is located in the geographical center of the Florida peninsula, and is accessible by U.S. Highway 27 (north / south) and State Highway 60 (east / west). Interstate 4 crosses the state 25 miles north of Lake Wales, and both the Tampa and Orlando International Airports are approximately 1 hour's drive away. Polk County’s population grew fast enough last year to fill every seat in the RP Funding Center’s George Jenkins Arena, Joker Marchant Stadium and still leave a crowd for Thomas Bryant Stadium, according to U.S. Census data. More than 22,000 people moved to the Lakeland-Winter Haven metropolitan area from July 1, 2017 to July 1, 2018, according to the U.S. Census Bureau. The 3.2% annual population increase earned it the fourth spot on U.S. Census’s Top 10 Metropolitan Areas in Percentage Growth list. People are locating to Polk County that want to have access to the Tampa and Orlando job markets while being able to afford more home and more conveniences. Each track has excellent visibility and frontage on US HWY 27 for all your commercial needs

Investment highlights

  • Heavy Daytime Traffic Over 40,000 Adt on Us Hwy 27
  • Lot 8 is Pre-approved for 82 Hotel Rooms and Seller Will Do a Minor Lot Split Allocating 2.27 Acres for the Hotel Site.
  • Ground Lease Option on All Tracks Available With Frontage at Eagle Ridge Mall.
  • 90% Pad-ready and Retention Offsite. Utilities, Electric and Water, Available at Perimeter of Site.

Listing Contacts

MR
FL BK3103038
RockMel Investments
Listed by RockMel Investments

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591