200 Acres of Commercial & Residential Development Lake Wales, FL

Exciting opportunity for a large Residential Development. Property is approximately 200 acres and has future land uses of Medium Density Residential and Regional Activity Center. Located along US Hwy 27 corridor in an area of booming commercial and residential development. This property offers an excellent opportunity for retail, multifamily, and single family development. It is located directly adjacent to Publix, Home Depot, Kohl's, and many other stores and restaurants. Additionally, it is directly across the street from the 600,000 square foot Eagle Ridge Mall. There is a proposed traffic light and new road which will split the commercial frontage on Chalet Suzanne Rd. and give this site two hard commercial corners at the new traffic light. Wetlands on site also carry 6 units/acre density which can be clustered onto uplands. This site surrounds a new 260 unit apartment complex which has enjoyed record rental rates for the City of Lake Wales. The southern portion of Star Lake Blvd. will be constructed for access to the apartments and will terminate and the new traffic light to be installed. A new PDP was approved allowing for a maximum density of 1,650 dwelling units. A 552 unit apartment project on the site is approved. May also qualify for development incentives to complete road project.This ±200-acre mixed-use development opportunity is located along the US Highway 27 growth corridor in Lake Wales, Florida and carries Future Land Use designations of Medium Density Residential and Regional Activity Center (RAC). The site features 1,401.30 linear feet of frontage on Chalet Suzanne Rd, creating the potential for an approximately ±15-acre commercial frontage band suitable for neighborhood-serving retail, pads, and service-oriented users, while the balance of the property provides depth for a master-planned residential program including multifamily and single-family components. The property is positioned in a proven daily-needs retail node anchored by Publix, with nearby national and regional users including Aldi, Chili’s, Freddy’s, Sherwin-Williams, Planet Fitness, Lowe’s, and ABC Fine Wine & Spirits, and continued corridor momentum supported by Hampton Inn, a completed Chipotle, Slim Chickens, Starbucks, and a newly completed CubeSmart self-storage facility, along with multiple auto dealerships along US 27. As part of a coordinated development plan, a traffic signal and roadway connection may be achievable, and a prospective buyer is encouraged to meet with the City early to evaluate feasibility, access management criteria, alignment, and timing to maximize commercial exposure and internal circulation. The site is also associated with an approved PDP allowing up to 1,650 dwelling units and an approved 552-unit apartment project, with wetlands described as carrying 6 du/acre density treatment that may allow for density clustering onto uplands (buyer to verify)