Commercial Sale · Mixed Use
10721 LEISURE LANE E, LAKE WALES, FL, 33898
Active12 days on marketListed Sep 30, 2026MLS #TB8552487
About this property
The property at a glance
RARE DEVELOPMENT OPPORTUNITY IN LAKE WALES! Offered at $499,900, this versatile property presents an exciting opportunity for investors, developers, owner-users, or those looking for space and flexibility in a growing area of Polk County. Formerly used as a faith-based facility, the property features an existing approximately 3,460 SF building with substantial parking and a large site marketed at approximately 6.73 acres. The existing structure offers an excellent starting point for a variety of potential uses, while the expansive property provides room to explore future redevelopment opportunities. Whether you're considering an agricultural use, multifamily concept, community-oriented project, profitable investment project, or another permitted use, this property offers a unique combination of an existing building, open land, and strategic location. Located in unincorporated Polk County near Lake Weohyakapka, the property provides convenient access to Lake Wales and surrounding communities. Bring your vision and explore the possibilities! Don't miss out on an exceptional opportunity to acquire a property with significant potential at an attractive price point.
21,989
Building sq ft
$23
Price / sq ft
6.73
Lot acres
1979
Year built
2
Buildings
C-2
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
$2,607/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 Elizabeth 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
225
Population
$38,750
Median income
70
Median age
2
Avg household
$106,000
Median home value
$619/mo
Median rent
2%
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.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Good stewards of the earth, this population advocates for a cleaner environment and responsible use of resources. They often encourage others to recycle and use clean energy.
Whether throwing punches at the boxing club or punching the clock at work, this population likes to talk about their hard work.
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Recent sales
What actually sold near 10721 LEISURE LANE E
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$14,400
500 CLUB CIRCLE UNIT J
1,152 sqft · $13/sqft · Sold Jul 1, 2025
$7,200
500 CLUB CIRCLE
Sold Mar 24, 2025
Your team
The pros in your corner
Your agent
Elizabeth Elliott
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 10721 LEISURE LANE E — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 10721 LEISURE LANE E.
See it in person
Schedule a tour
Live availability from Elizabeth's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of DALTON WADE INC · Jessie Le. MLS #TB8552487.
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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