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220 Acres of Commercial & Residential Development Lake Wales, FL

MLS Number: FL261807
Price : $1,330,000
Type: Acreage
Features: N/A
Acreage : 220.00
State: Florida
County: Polk
Status: Under Contract
Property Documents: N/A

Exciting opportunity for a large Mixed-Use Development. 2 traffic lights and a third installed soon for access. Property is approximately 215 acres and has future land uses of Medium Density Residential and Regional Activity Center. Located along US Hwy 27 corridor in an area of booming commercial and residential development. This property offers an excellent opportunity for retail, multifamily, and single family development. It is located directly adjacent to Publix, Home Depot, Kohl's, and many other stores and restaurants. Additionally, it is directly across the street from the 600,000 square foot Eagle Ridge Mall. There is a proposed traffic light and new road which will split the commercial frontage on Chalet Suzanne Rd. and give this site two hard commercial corners at the new traffic light. Wetlands on site also carry 6 units/acre density which can be clustered onto uplands. This site surrounds a permitted 260 unit apartment complex scheduled for construction January 2019. 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.

High traffic retail corridor along US Hwy 27
2 and soon to be 3 traffic lights for access
Over 40,500 daily trips on US Hwy 27 and over 9,600 on Chalet Suzanne Road
2,800 feet of frontage on Chalet Suzanne Road
Located behind Publix, Home Depot, Kohl's, and much more
Less than 10 minutes to Legoland
Multiple zonings allow for commercial and residential uses

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