Seller Financing - Lease to Own
Address
228 S Lake Shore WAY, LAKE ALFRED, FL
Price
$ 900,000
Property Attributes
- MLS#S5092011
- TypeCommercial
- CountyPOLK
- CityLAKE ALFRED
- AreaLake Alfred
- NeighborhoodLake Alfred Rep
- Zip33850
- StyleRestaurant
- Year Built1962
- Taxes$ 2657
- Price$ 900,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1677
- Lot Size0.58 Acres
Data Source:
Stellar MLS
Property Description
NEW PRICE IMPROVEMENT!! w/Seller Financing available. Introducing a remarkable opportunity in Lake Alfred, Florida! We are delighted to present a commercial real estate investment opportunity featuring a former successful restaurant that has recently undergone an exciting transformation. Formerly known as Luigi's Italian, it has now become Luigi's Pizzeria, offering a delightful New York-style pizza experience. Step into this inviting indoor pizzeria, boasting 35 seats, and experience the finest culinary delights Lake Alfred has to offer. Whether you prefer dining in, taking out, or having your delicious pizza delivered, Luigi's has got you covered. But wait, there's more! This investment opportunity is secured with a five-year lease option to renew and additional income on the property from subsequent buildings. Included in this investment package are three buildings generating additional income. Excellent Accessibility: Lake Alfred's strategic location offers easy access to major East/West and North/South routes via the I-4 and U.S. Hwy 27 corridors. You'll be perfectly positioned between Tampa, Orlando, and Miami. Don't miss out on this chance to own a property with A going concern, business, and great potential, thanks to the new concept of Luigi's Pizzeria. To learn more about this exciting opportunity, including financial details and to ensure confidentiality, please call us to request a Non-Disclosure Agreement (NDA). Take the first step towards a prosperous future by exploring this exceptional investment in Lake Alfred, Florida.
| Price History | |
|---|---|
| 9/24/2023 | Listed $1,350,000 |
| 11/24/2023 | 34% - $900,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | Central Air |
| Utilities | Electricity Available,Natural Gas Available,Water Connected |
| Roof | Shingle |
| Appliances | Refrigerator |
| Zoning | C-2 |
| Construction Materials | Block,Concrete |
| Year Built | 1962 |
| Levels | One |
| Property SubType | Restaurant |
| Tax Year | 2022 |
| Percent Ownership | Sole Proprietor |
| County | Polk |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | LAKE ALFRED REP |
| Facing Direction | West |
| Building Features | Bathrooms,Common Lighting,Dumpsters,Furnished,On Site Shower,Outside Storage,Seating |
| Other Structures | Storage,Workshop |
| Status | Active |
| Directions | N onto US 17 N toward Lake Alfred,continue on US 17 N from Winter Haven,passing Dollar General on the left onto S Lake shore way property will be on your Right. |
| City | LAKE ALFRED |
| Buyer Agent Compensation | 3% |
| MLS Area | 33850 - Lake Alfred |
| Lot Size Square Feet | 21780 |
| Waterfront Y/N | No |
| Street Name | Lake Shore |
| Listing Terms | Cash,Conventional,Private Financing Available |
| Tax Annual Amount | 2657.21 |
| Public Remarks | NEW PRICE IMPROVEMENT!! w/Seller Financing available. Introducing a remarkable opportunity in Lake Alfred,Florida! We are delighted to present a commercial real estate investment opportunity featuri |
| Virtual Tour | https://smartreal.com/interactive-3d-home-tour/8d78bc93-4643-493e-a79f-c508b0b115dc |
| Days on Market | 117 |
| Standard Status | Active |
| Tax Lot | 6 |
| Legal Description | REPLAT OF N1/2 OF BLK 43 OF LAKE ALFRED PB 10 PG 37 LOTS 6 THRU 8 S 15 FT LESS E 6 FT OF LOT 6 & W 140 FT OF 9 & NLY 7 FT OF ELY 12.7 FT OF WLY 152.7 FT OF LOT 9/PID:26-27-32-507000-000062 and REPL |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | WAY |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | 13 to 18 Spaces |
|---|---|
| Lot Features | Central Business District,Fire Hydrant,Sidewalk,Street Lights |
| Water Source | Public |
| Lot Size Area | 21780 |
| Foundation Details | Slab |
| Number of Buildings | 3 |
| Building Area Total | 1677 |
| Lot Size Acres | 0.58 |
| Road Surface Type | Paved,Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | Street Lights,Street Paved,Divided Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33850
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on May 13, 2024 5:23 PM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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. Information is deemed reliable but not guaranteed.
