Commercial Sale · Retail
104 STATE ROAD 60 W, LAKE WALES, FL, 33853
Active8 days on marketListed Jul 29, 2026MLS #P4939454
About this property
The property at a glance
We are pleased to present this high-visibility neighborhood strip center investment opportunity located on State Road 60 West in Lake Wales, Florida. Strategically positioned between US Highway 27 and State Road 17, the property is situated just west of the Publix-anchored Southgate Shopping Center, placing it in the heart of one of Lake Wales' primary commercial corridors. With a combined traffic count of approximately 29,600 vehicles per day along State Road 60 and West Polk Avenue, the center benefits from excellent visibility and consistent exposure to local consumers. The shopping center consists of 10 total units, several of which are currently combined, resulting in seven occupied tenant spaces. The property is anchored by established tenants including Boost Mobile, Pawn Smart, and Breath of God Worship Center. Multiple leases extend beyond 2028, providing stable income. Situated on 1.02± acres, the property offers 40 dedicated parking spaces, dual points of ingress and egress, and rear delivery access with loading doors, providing convenient access for both customers and tenants.
12,675
Building sq ft
$79
Price / sq ft
1.02
Lot acres
1988
Year built
1
Building
PF
Zoning
Retail
Property type
The numbers
Investment snapshot
4.6%
Cap rate
$45,899
Net operating income
Estimated payment (illustrative)
Estimated payment
$5,902/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
356
Population
$2,076
Median income
35
Median age
3
Avg household
$103,206
Median home value
$986/mo
Median rent
35%
Households w/ kids
Consumer profile
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Passionate about all things hair, this population is talking about hair tutorials or the hottest celebrity blowout.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Recent sales
What actually sold near 104 STATE ROAD 60 W
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$610,000
107 E POLK AVENUE
5,310 sqft · $115/sqft · Sold Jan 23, 2026
$495,000
603 N SCENIC HIGHWAY
2,989 sqft · $166/sqft · Sold May 27, 2026
$24,000
214 DOMARIS AVENUE
2,368 sqft · $10/sqft · Sold Feb 1, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 104 STATE ROAD 60 W — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 104 STATE ROAD 60 W.
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 KELLER WILLIAMS REALTY SMART 1 · David Reyes. MLS #P4939454.
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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