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Royal's Furniture 126 State Road 60 W 19,931 SF Retail Building Lake Wales, FL 33853 $4,388,926 CAD ($220.21 CAD/SF)
Investment Highlights
- Highly visible location on State Road 60 with strong traffic counts and accessibility.
- Includes a detached residential structure to enhance operational flexibility.
- Ample paved parking area with frontage on a public-maintained asphalt road.
- Multi-use facility featuring a large showroom and multiple private offices.
- On-site warehouse-style space supports storage, distribution, or light industrial uses.
Executive Summary
This highly visible mixed-use property offers a prime commercial opportunity along one of Central Florida’s busiest highway corridors. Located on State Road 60 in Lake Wales, the property sits in a strong growth area near retail hubs, professional services, and residential neighborhoods. The main structure features a spacious open-concept showroom with flexible configurations suitable for a wide array of uses, including retail displays, customer meeting areas, and office space. Additional private offices are integrated throughout, providing functional layouts for administrative support and client interactions.
A separate residential home is situated behind the primary structure, offering operational versatility for an on-site manager, service business accommodations, or potential additional income generation. With existing infrastructure for storage and distribution in the form of a large warehouse-style space and dedicated break rooms for staff, the property is equipped for immediate occupancy or redevelopment. Positioned to capture strong traffic counts and benefit from established regional connectivity, this property meets the growing demand for versatile spaces in a thriving trade corridor.
A separate residential home is situated behind the primary structure, offering operational versatility for an on-site manager, service business accommodations, or potential additional income generation. With existing infrastructure for storage and distribution in the form of a large warehouse-style space and dedicated break rooms for staff, the property is equipped for immediate occupancy or redevelopment. Positioned to capture strong traffic counts and benefit from established regional connectivity, this property meets the growing demand for versatile spaces in a thriving trade corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,931 SF
Building Class
C
Year Built
1988
Price
$4,388,926 CAD
Price Per SF
$220.21 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
1.17 AC
Zoning
C-2 - Commercial
Amenities
- Signage
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-30-02-903500-008404 | Improvements Assessment | $1,482,539 CAD |
| Land Assessment | $355,775 CAD | Total Assessment | $1,838,314 CAD |
Property Taxes
Parcel Number
27-30-02-903500-008404
Land Assessment
$355,775 CAD
Improvements Assessment
$1,482,539 CAD
Total Assessment
$1,838,314 CAD
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Royal's Furniture | 126 State Road 60 W
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