$2,250,000
$2,555,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
21380 US HWY 27 Lake Wales, FL 33859
32,587 SqFt
Key Details
Sold Price $2,250,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 32,587 sqft
Price per Sqft $69
MLS Listing ID O5928480
Sold Date 02/16/22
Construction Status No Contingency
HOA Y/N No
Year Built 1959
Annual Tax Amount $16,559
Lot Size 8.840 Acres
Acres 8.84
Property Description
Green Gables Inn consists of 56 Units sitting on approximately Nine (9) acres and has access to a 60 acre lake in the backward portion of the property. The property is a single-story facility and is spread among three (3) living buildings and one (1) main office. The property has A large swimming pool along with tennis courts. The interior of the room has been updated two (2) years ago with new furniture, mattress, and carpet. The undeveloped portion of the acreage is sufficient to double or triple the size of the existing facility. You can also change the zoning to build up to 175-200 apartment on the 9 acres of land. Local mall, stores and restaurants are easy to get to in a few miles radius. Must see to expand a vision of income earning.
Location
State FL
County Polk
Interior
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Exterior
Water Access 1
Water Access Desc Lake
Roof Type Shingle
Building
Entry Level One
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Public Sewer
Structure Type Block,Stucco
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FLORIDA HOMES REALTY & MTG
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