Commercial Sale · Mixed Use
811 STATE ROAD 60 E, LAKE WALES, FL, 33853
Active150 days on marketListed Feb 24, 2026MLS #K4903305
About this property
The property at a glance
This property presents a remarkable opportunity, being zoned for both residential and professional use. The home features over 3,400 heated square feet, including four bedrooms, three full baths, and two half-baths. Situated on a 1.06-acre lot, it boasts road access on all four sides—245 feet along State Road 60, 152 feet each on 8th Street S. and Center Street, plus an alley running behind the house. The circular driveway is on the east side, with extra parking at the rear, an oversized parking pad, and a three-car garage complete with a workshop and a bonus room that includes a full bathroom. A large side yard offers space for more parking or future expansions. Inside, the split-bedroom design creates privacy, while the open living area flows into a spacious dining room. The eat-in kitchen provides plenty of cabinetry and a butler's pantry with additional storage and a sink. Off the kitchen, the laundry room features a half bath and gives access to the detached garage. There are also two extra storage areas under the house, accessible from the backyard. Permitted uses approved by the City of Lake Wales allow for professional purposes as well. With its exceptional potential and unique location, this property stands out as a rare find.
5,511
Building sq ft
$96
Price / sq ft
1.06
Lot acres
1948
Year built
2
Buildings
R-1A
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$2,798/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
12,385
Population
$40,938
Median income
37.3
Median age
2.57
Avg household
$198,100
Median home value
$965/mo
Median rent
1,565
Households w/ kids
Recent sales
What actually sold near 811 STATE ROAD 60 E
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$257,500
218 E ORANGE AVENUE
2,610 sqft · $99/sqft · Sold May 23, 2025
$320,000
247 E STUART AVENUE
4,388 sqft · $73/sqft · Sold Oct 4, 2024
$330,000
299 E STUART AVENUE
2,283 sqft · $145/sqft · Sold Dec 15, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 811 STATE ROAD 60 E — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 811 STATE ROAD 60 E.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of PRIME PLUS REAL ESTATE INC · Joan Jarvis-Tyler. MLS #K4903305.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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