$399,000
Active980 S Lake Shore Way, Lake Alfred, FL 33850
2,506 sq ft
Listing courtesy of CENTURY 21 MYERS REALTY · MLS# S5145068
217 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Prime redevelopment opportunity located in the heart of Lake Alfred along the city’s main corridor. This highly visible property sits directly on a divided highway through the central stretch of town, offering excellent exposure and accessibility. The property currently includes three residential units, all of which are tenant-occupied, providing potential interim income while future plans are considered. With its strategic location along a major thoroughfare and within close proximity to local businesses, dining, and community amenities, the site presents significant potential for future redevelopment or investment. Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
Facts
- Property type
- Mixed Use
- Year built
- 1920
- Exposure
- West
- Flood zone
- X
- Annual taxes
- $1,647/yr
- Listed
- Mar 25, 2026
- MLS #
- S5145068
Commercial details
Building & site
- Building size
- 2,550 SF
- Lot size
- 0.48 acres (20,870 SF)
- Zoning
- C-1
- Road frontage
- Divided Highway, State Road
- Buildings
- 2
- Building features
- Bathrooms, Kitchen Facility
Investor metrics
- Price per SF (MLS)
- $156.47/SF
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $500,000
- Price reduced to $399,000from $449,900
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980 S Lake Shore Way, Lake Alfred, FL 33850
Listing courtesy of CENTURY 21 MYERS REALTY · MLS# S5145068 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
