$2,250,000
Lake Wales, FL 33846
MLS# 1109945
Status: Closed
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Property Description
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.
Details
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: 1
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
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
Contract Information
Current Price: $2,250,000
Sold Price: $2,250,000
Status: Closed
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
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
Listing Office: FLORIDA HOMES REALTY & MTG LLC
Last Updated: February - 08 - 2025
Information deemed reliable but not guaranteed.