$2,250,000
21380 US-27
Lake Wales, FL 33846
MLS# 1109945
Status: Closed

GABLE INN FRONT BLDG 2
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GABLE INN FRONT BLDG 2 GABLE INN FRONT BLDG Gable Inn Front GREEN GABLE INN SATELITE VIEW GREEN GABLE INN SETTLE LITE VIEW Hotel land area Hotel entrance Hotel entrance 2 Hotel entrance 3 Hotel bathroom full Hotel bathroom 2 Hotel bathroom 3 Hotel bedroom 2 Hotel bedroom 3 Hotel bathroom entrance Hotel bathroom Hotel pool area Hotel pool area 2

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
Location, Tax, and Legal
Parcel Number: 272927000000044050
General Property Information
Lot Size Acres: 8.84
Water Body Access YN: No
Waterfront YN: No
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.
Building Area Total: 32587
Stories Total: 1
Building Area Source: Public Records
Building Name: Green Gable Inn
List Price/SqFt: 78.42
Sold Price/SqFt: 69.05
Year Built: 1959
Association Amenities
Tennis Court(s): 1
Construction Materials
Concrete: 1
Stucco: 1
Current Use
Commercial: 1
Hotel/Motel: 1
Other: 1
Flooring
Carpet: 1
Heating
None: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Unassigned: 1
Roof
Shingle: 1
Security Features
Security Lights: 1
Water Source
Public: 1
Building Features
Laundry: 1
Pool: 1
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.

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