1255 S LAKE SHORE WAY Lake Alfred, FL $ 599,000
1255 S LAKE SHORE WAY
$ 599,000
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1255 S LAKE SHORE WAY

Lake Alfred, FL, 33850
$ 599,000
Bedrooms-- Baths-- Sq 2,768

Monthly Estimate*

$ 3,737

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Commercial Property for sale in Lake Alfred, FL

for $599,000. This 2,768 square foot building was built in 1954 on a lot size of 0.89.

Prime Redevelopment Opportunity in Lake Alfred — 0.89 Acres with Guest Cottages Discover an exceptional investment and redevelopment opportunity in the heart of Lake Alfred. Situated on 0.89 acres, this property currently features nine individual guest-style cottage units offering flexible use as short-term or long-term rentals. A separate utility shed also sits on the property, providing additional storage or operational space. With its spacious layout, existing structures, and highly desirable location, this property is ideal for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. Investors and developers will appreciate the expansive footprint, strong local growth, and proximity to major thoroughfares, lakes, and Central Florida attractions. Whether you plan to renovate, reimagine, or rebuild entirely, this site presents a rare opportunity to bring a new vision to one of Lake Alfred’s most promising commercial corridors. Unlock the full potential of this unique property and create the next standout lodging or commercial destination in Lake Alfred.

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Commercial Active

Price

$ 599,000

Property Type

Commercial

Taxes

$ 6,229

Style

Hotel/Motel

Lot Size

0.89

Year Built

1954

Town/City

Lake Alfred

County/Region

Polk

MLS | Web ID

P4937065

Features
General
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Shingle
Zoning C-1
Construction Materials Concrete Vinyl Siding
Year Built 1954
Property Subtype Hotel/Motel
Tax Year 2024
Ownership Corporation
County Polk
New Construction false
Property Type Commercial Sale
Subdivision Name ROCHELLE TERRACE REP
Facing Direction Southeast
Building Features Bathrooms
Other Structures Storage
Status Active
Directions Heading south into Lake Alfred on Co Rd 557A take a right onto Shinn Blvd. Shinn Blvd will continue on to become US-17 S/US-92 W/S Lake Shore Way. Destination is on the right.
City LAKE ALFRED
MLS Area 33850 - Lake Alfred
Lot Size Units Square Feet
Lot Size Square Feet 38908
Listing Terms Cash Private Financing Available
Tax Annual Amount 6229.68
Property Condition Completed
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/P4937065
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
Legal Description REPLAT OF BLOCKS 7 & 8 ROCHELLE TERRACE PB 31 PG 41 BLK 8 LOTS 1 & 2 LESS ST RD 600
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Total Stories 1
Air Conditioning Y/N true
Total Baths 0
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Exterior
Vegetation Mature Landscaping
Parking Features 6 to 12 Spaces
Lot Features City Lot Street Lights
Lot Size Area 38908
Foundation Details Crawlspace Slab
Number of Buildings 9
Building Area Total 2768
Lot Dimensions 65 x 189
Lot Size Acres 0.89
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type Street Lights Street Paved City Street Divided Highway
Number of Lots 1
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Century 21 Myers Realty

Broker

brentlmorse@gmail.com

Email

Affordability Calculator

$4,256
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$519
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$599,000 Listed Price

Map


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1255 S LAKE SHORE WAY, Lake Alfred, FL, 33850 is a Commercial Property for sale at $599,000 with 2,768 sqft and a lot size of 0.89. 1255 S LAKE SHORE WAY was built in 1954. The property's zip code is 33850 which is in Lake Alfred, FL