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$500,000

980 Lake Shore Way

Lake Alfred, FL 33850

Listing updated: August 13, 2026 at 10:05 AM ET

Active

Listing courtesy of Century 21 Myers Realty · Tony Acosta · MLS #S5145068 · Active · 863-875-5656

Baths

2,506

Sq Ft

0.48

Acres

1920

Built

◆$196/sqft◆360° tour

Mixed Use

Property type

1920

Year built

20,870 sqft

Lot size

$196

Price / sq ft

No HOA

HOA dues

141

Days on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$2,528

Property taxes$137

Home insurance (est.)$229

Down payment

20%

$100,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history141 days on market

Status: Active
Mar 26, 2026
Listed$500,000
Mar 25, 2026
Price increased$500,000

Facts & features

Property type: Commercial Sale
Sub type: Mixed Use
Status: Active
Days on market: 141
Subdivision: Rochelle Terrace
County: Polk
Year built: 1920
Living area: 2,506 sq ft
Price/sq ft: $196
Building area: 2,550 sq ft (Public Records)
Lot size: 20,870 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X (12105C0355G)
Annual taxes: $1,647 (2025)
Parcel #: 26-28-05-525000-003070
Zoning: C-1
MLS #: S5145068

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Interior Details

Direction faces: West

Heating & Cooling

Heating: Ductless
Cooling: Wall/Window Unit(s)

Parking

Parking features: Parking Spaces - 1 to 5

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Ownership: Sole Proprietor

Exterior & Construction

Construction materials: Frame
Roof: Metal
Foundation: Slab
Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Emergency Power, Water Connected

Listing Details

Listing date: 2026-03-25
On market date: 2026-03-25
Original list price: $500,000
MLS area: 33850 - Lake Alfred
Listing AOR: East Polk
Status changed: 2026-03-26
Tax legal description: ROCHELLE TERRACE PB 8 PG 44 BLK 3 LOTS 7 & 8 LESS ST RD 600

Flood risk

Minimal riskFEMA Zone XPanel 12105C0355G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Heading east on US Hwy 92 continue until road becomes US Hwy 17/ S Lake Shore Way. Destination will be on your right at the corner of Mackay Blvd.

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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.

Based on information submitted to the MLS GRID as of August 13, 2026 at 10:05 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA