Commercial Sale · Mixed Use
980 S LAKE SHORE WAY, LAKE ALFRED, FL, 33850
Active138 days on marketListed Mar 25, 2026MLS #S5145068
About this property
The property at a glance
Prime redevelopment opportunity located in the heart of Lake Alfred along the city’s main corridor. This highly visible property sits directly on a divided highway through the central stretch of town, offering excellent exposure and accessibility. The property currently includes three residential units, all of which are tenant-occupied, providing potential interim income while future plans are considered. With its strategic location along a major thoroughfare and within close proximity to local businesses, dining, and community amenities, the site presents significant potential for future redevelopment or investment. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
2,550
Building sq ft
$196
Price / sq ft
0.48
Lot acres
1920
Year built
2
Buildings
C-1
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
$2,546/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
749
Population
$95,158
Median income
35
Median age
3
Avg household
$225,300
Median home value
111
Households w/ kids
Consumer profile
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Whether it's the stress of wedding planning or looking back on that special day, this population has their eyes and hearts focused on lifelong commitment.
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
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.
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
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.
Recent sales
What actually sold near 980 S LAKE SHORE WAY
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$432,500
880 S LAKE SHORE WAY
2,874 sqft · $150/sqft · Sold Sep 22, 2025
$425,000
2402 LAKE DRIVE NW
1,960 sqft · $217/sqft · Sold Jul 31, 2025
$246,000
1165 S LAKE SHORE WAY
1,880 sqft · $131/sqft · Sold Apr 10, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 980 S LAKE SHORE WAY — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 980 S LAKE SHORE WAY.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of CENTURY 21 MYERS REALTY · Brent Morse. MLS #S5145068.
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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