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$399,000

Active

980 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

  1. Listed for $500,000
  2. Price reduced to $399,000from $449,900

Virtual tour

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Take a tour

Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

980 S Lake Shore Way, Lake Alfred, FL 33850

Listing courtesy of CENTURY 21 MYERS REALTY · MLS# S5145068 · Active

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

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.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:57 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]