200 Acres of Commercial & Residential Development
220 acres | Multiple Use Zonings | Lake Wales, FL
Marketing description
Exciting opportunity for a large Mixed Use, Multifamily or Single Family Residential Development. 2 traffic lights and a third installed soon for access. Property is approximately 200 acres and has future land use of Medium Density Residential and zoning of R-3. Located along US Hwy 27 corridor in an area of booming commercial and residential development. It is located directly adjacent to Publix, Home Depot, Kohl's, and much more. It is directly across the street from the 600,000 SF Eagle Ridge Mall. This site surrounds a new 260 unit apartment complex which has enjoyed record rental rates in the City of Lake Wales. The southern portion of Star Lake Blvd. will be constructed for access to the apartments and will terminate and the new traffic light to be installed.
Maximum Density of 1,650 units
Hwy 27 Corridor
Adjacent to Publix, Kohl's, Home Depot and more
Across from Eagle Ridge Mall
Investment highlights
- High traffic retail corridor along US Hwy 27
- Water & Sewer Available at the site from the City of Lake Wales.
- Chalet Suzanne Road has traffic counts at 10,500 AADT.
- 1400 feet of frontage on Chalet Suzanne Road
- Multiple zonings allow for a myriad of different uses
- Located behind Publix, Home Depot, Kohls, Eagle Ridge Mall, and much more.
- US Hwy 27 has traffic counts at 40,500 AADT.
- Adjacent to 335 Luxury Apartments under construction.
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