21380 US-27, Lake Wales, FL 33846
$2,250,000
Property Type:
Commercial Sale
Square Footage:
32,587
Lot Size (sq. ft.):
385,070
Status:
Closed
Current Price:
$2,250,000
List Date:
7/31/2021
Last Modified:
2/08/2025
Overview
Description
Listing Details MLS# 1109945
General Property Information
- Building Area Total
- 32587
- Building Area Source
- Public Records
- Year Built
- 1959
- Building Name
- Green Gable Inn
- Lot Size Acres
- 8.84
- Water Body Access YN
- No
- Waterfront YN
- No
- Stories Total
- Yes
- Directions
- Take I-4 E to Exit 27 FL-570 E Polk County. Take exit I4 for FL-540 E, continue on FL 540E to 21380 US Highway 27.
- Public Remarks
- Green Gables Inn consist 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 floor (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 have 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. The property can be zone to build 175 to 200 apartments on this 9 acres of land. Local mall, stores and restaurants are easy to get in a few miles radius. Must see to expand a vision of income earning.
- List Price/SqFt
- 78.42
- Sold Price/SqFt
- 69.05
Property Features
Association Amenities:
Tennis Court(s)
Building Features:
Laundry; Pool
Construction Materials:
Concrete; Stucco
Current Use:
Commercial; Hotel/Motel; Other
Flooring:
Carpet
Heating:
None
Listing Terms:
Cash; Conventional
Parking Features:
Unassigned
Roof:
Shingle
Security Features:
Security Lights
Water Source:
Public
Contract Information
- Listing Contract Date
- 2021-05-13
- Property Sub Type
- Mixed Use
Location Tax and Legal
- Street Number
- 21380
- Street Name
- US-27
- County
- Polk
- State
- FL
- Postal Code
- 33846
- MLS Area Major
- 993-Out Of Area-South
Status Change Information
- Major Change Timestamp
- 2023-11-20T13:20:26Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2021-07-07T23:58:04Z
- Purchase Contract Date
- 2021-12-13
- Close Date
- 2022-02-16
- Close Price
- 2250000
Historical Information
- Public Historical Remarks 1
- Road Surface: Asphalt Road, Exercise Room: Y, Structure-Slab-on-Grade: Y, Number of Units: 51 - 75 Units
- Public Historical Remarks 2
- Number of Buildings: 4 Buildings
- Public Historical Remarks 3
- Current Zoning: COM
More Information
Location, Tax, and Legal
- Parcel Number
- 272927000000044050
Association Amenities
- Tennis Court(s)
- Yes
Construction Materials
- Concrete
- Yes
- Stucco
- Yes
Current Use
- Commercial
- Yes
- Hotel/Motel
- Yes
- Other
- Yes
Flooring
- Carpet
- Yes
Heating
- None
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Unassigned
- Yes
Roof
- Shingle
- Yes
Security Features
- Security Lights
- Yes
Water Source
- Public
- Yes
Building Features
- Laundry
- Yes
- Pool
- Yes
Listing Office:
FLORIDA HOMES REALTY & MTG LLC
Last Updated: February - 08 - 2025
Information deemed reliable but not guaranteed.
