650 Florida 60, Lake Wales, FL 33853 For Sale

Lake Wales Plaza at 650 E State Road 60, Lake Wales, FL 33853 is a high-performing, grocery-anchored retail investment positioned at one of Lake Wales’ most visible commercial corridors. This 100,837 RSF shopping center is 95.7% occupied and anchored by Save-A-Lot, a long-standing tenant since 1998, alongside a strong mix of government, medical, service, and regional retail users that drive steady daily traffic.

Situated on a 13-acre parcel with direct frontage and monument signage along State Road 60, the property benefits from outstanding accessibility, multiple ingress/egress points, ample parking with a 4.3/1,000 ratio, and strong traffic counts of 28,000 AADT on SR 60 plus immediate proximity to US 27 with 42,500 AADT. Offered at $123.26/SF, well below replacement cost, the asset presents compelling in-place cash flow with additional upside through lease-up of remaining vacancies, below-market rents, and potential outparcel opportunities.

With a diverse rent roll, strong consumer draw, and location in a growing Central Florida market near major attractions and new residential development, Lake Wales Plaza offers investors a rare combination of stability, visibility, and value-add potential.