$500,000
980 Lake Shore Way
Lake Alfred, FL 33850
Listing updated: April 30, 2026 at 12:22 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
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
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 history36 days on market
- Status: ActiveMar 26, 2026
- Listed$500,000Mar 25, 2026
- Price increased$500,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 36
- 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-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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Listings courtesy of Stellar MLS as distributed by MLS GRID
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 April 30, 2026 at 12:22 PM 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA