21380 US-27, Lake Wales, FL 33846 (MLS# 1109945)

Overview

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.

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