Existing Motel/Restaurant - Great Development Site at Eagle Ridge Mall on Six-Lane US Highway 27
Lantern Motel - PRICE REDUCED!

23700 US Highway 27
Lake Wales/Winter Haven, Florida

 

DESCRIPTION:

Existing 21 unit motel and restaurant on US Highway 27, directly across from Eagle Ridge Mall in Lake Wales/Winter Haven area.  Value of this property lies in development potential and possible reduced impact fees.  High traffic counts (32,000 vehicles/day - FDOT Traffic Study).

LOCATION:  23700 U.S. Highway 27, Lake Wales, Florida.  This directly across from the Eagle Ridge Mall.
SITE: Two existing  motel buildings (Total Size - 8,973 SF), plus 4,996 SF restaurant.  Lot size is 1.9261 acres (333 feet frontage x 250 feet deep).
INGRESS & EGRESS: Excellent access from US Highway 27, southbound.  No median cut for northbound traffic.
UTILITIES:
Water, sewer, telephone, gas and electric available.
 
LAND USE:  Polk County - Commercial Enclave (CE)
EMERGENCY: Fire, Police, and ambulance service available to the site.
PRICE: $795,000.00

 

Developments in Area

Looking north

Looking North

Looking Northwest - shows motel units, signage and pool

Looking Northwest

Restaurant on north end of building

Northern portion of motel

Southern portion of motel

Looking Southwest

Looking Southwest - shows restaurant building on north end

Office on north end of motel

Looking North along turn in lane

Looking South - shows turn in lane

Vacant lot on north end of property

View of a portion of Eagle Lake Mall from subject property

View of Publix shopping center, northeast of subject property


All information contained herein has been obtained from sources deemed reliable.  The property information herein is derived from various sources that may include, but not be limited to, county records, a Multiple Listing Service or other commercial listing service. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.   Coldwell Banker Commercial NRT, nor any agent thereof cannot guarantee this information.  We are not responsible for errors, omissions, prior sale, change in price, easements, zoning changes or withdrawal of property from the market without notice.

Mike Nolen, Sr. & Gloria J. Spanjers
Coldwell Banker Commercial NRT
290 Cypress Gardens Boulevard
Winter Haven, FL 33880
(863) 294-7541
(800) 955-7541
info@mycommercialteam.com

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