$540,000

Positioned at a prominent corner along State Road 60 East, this 10.96± acre vacant property presents an exceptional opportunity for commercial development, investment, or future residential use in one of Lake Wales' expanding growth corridors. Offering valuable frontage along a major east-west thoroughfare, convenient cross-access, and a unique combination of existing commercial and residential zoning, the property provides flexibility for a variety of potential development opportunities. The majority of the property is zoned Commercial Enclave (CE), creating an opportunity for retail and other commercial uses, while the rear portion carries Residential Suburban (RS) zoning. Potential rezoning may provide an opportunity to pursue a unified development plan, subject to county review, applicable approvals, and infrastructure considerations. Approximately 4.5± acres are identified as high and dry, with the remaining acreage located within Flood Zone A, offering an opportunity for developers to explore the site's development potential. The property is strategically positioned near several established and expanding residential communities, including Hickory Ridge Estates (73 single-family homes), Robins Run (approximately 156 single-family homes), and the Hunt Club communities (approximately 1,137 total homes and townhomes across Hunt Club North and South). Additional growth is underway in the surrounding area through the Hunts Bros residential development, an approved large-scale project incorporating 366 single-family homes, 80 townhomes, and 276 multifamily units, along with parks, neighborhood amenities, and a future commercial outparcel. This expanding residential base is complemented by planned industrial growth along Hunt Brothers Road, where additional acreage has received industrial land-use and zoning designations, creating potential for future employment opportunities and increased demand for supporting commercial services. The surrounding area also benefits from an established industrial presence, with major employers and operations including CEMEX, Vulcan Materials, and Citrosuco nearby. This combination of residential growth, existing industrial activity, and planned business park and industrial expansion creates an attractive environment for future commercial investment. Everyday conveniences and retail amenities are just over two miles away, including Walmart and Aldi shopping centers, providing convenient access to established shopping destinations. With its strategic positioning along SR 60, the property also offers connectivity to the broader Polk County market and surrounding Central Florida communities.