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Burns Ave
Lake Wales, FL 33853
Iron Mountain Residential Planned Development · Land For Sale · 76.95 AC

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INVESTMENT HIGHLIGHTS

  • Zoned R-3 - PD (Planned Development)
  • Prime location in an active Residential Development area
  • Residential Development
  • Versatile investment opportunity

EXECUTIVE SUMMARY

This is an area of very active residential development and home building. This property is within the City limits of Lake Wales (Polk County). Retail, commercial, and restaurants are all close by as well as the Bok Tower Gardens outdoor attraction. This is really centrally located to the east or west coast of Florida. North and South major roads are a short driving distance away.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Hold For Development
  • Planned Unit Development
  • Single Family Development
Total Lot Size 76.95 AC
Zoning R-3 - PD - R-3 - PD (Planned Development)

1 LOT AVAILABLE

Lot

Price $11,293,942 CAD
Price Per AC $146,769.88 CAD
Lot Size 76.95 AC

76.95 Acres Price Per Acre $106,563

DESCRIPTION

Introducing a unique opportunity for a developer or builder. This property on Burns Ave in Lake Wales, FL offers 326 total units (226 Single Family Lots and 100 Townhome Units), perfectly poised for residential development. Additionally, it contains 3.03 acres of commercial land with 26,000 SF of retail possible. Zoned R-3 - PD (Planned Development), it presents an opportunity in an area of growth. Nestled in an area of excellent residential development, this prime location offers close proximity to shopping and essential amenities, making it an excellent prospect for a residential developer or builder. With a growing and active community, this property sets the stage for a promising residential venture.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-29-22-866300-041010
Land Assessment
$760,363 CAD
Improvements Assessment
$0 CAD
Total Assessment
$760,363 CAD
  • Listing ID: 32199586

  • Date on Market: 2024-06-20

  • Last Updated:

  • Address: Burns Ave, Lake Wales, FL 33853

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