650 Florida 60, Lake Wales, FL 33853

Lake Wales Plaza at 650 E State Road 60, Lake Wales, FL 33853 is a compelling value-add retail investment anchored by long-term grocer Save-A-Lot, a tenant at the property since 1998. This 100,837-square-foot neighborhood plaza sits on approximately 13 acres and is 88.90% occupied, offering immediate cash flow with meaningful upside through lease-up of existing vacancies, below-market rents, and potential outparcel opportunities. Positioned directly on State Road 60 with monument signage and multiple access points, the property benefits from outstanding visibility and strong traffic counts of approximately 28,000 AADT on SR 60, plus proximity to US 27 with 42,500 AADT. The center features a diverse and durable tenant mix, including government, medical, education, service, and retail users that help drive consistent daily traffic. With ample parking at a 4.3/1,000 ratio, a strong in-place income stream, and pricing substantially below replacement cost, Lake Wales Plaza offers investors the rare combination of stability, accessibility, and growth potential in one of Central Florida’s expanding trade areas.