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$399,000 -$50,900 (-11.31%) Price Reduced

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 980 S Lake Shore Way

General

  • Price: $399,000
  • Taxes: $1,647 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: S5145068
  • Updated: 10/8/2026
  • Added to Site: 199 day(s) ago

Rental Information

  • Complex Features: Bathrooms, Kitchen Facility

Parking

  • Parking Features: 1 to 5 Spaces

Location

  • Area: 33850 - Lake Alfred
  • County: Polk
  • Development Name: 33850 - Lake Alfred
  • Subdivision: ROCHELLE TERRACE
  • Driving 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.
  • Direction Faces: West

Community

  • Community Name: 33850 - Lake Alfred

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Emergency Power, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame
  • Roof: Metal
  • Square Feet: 2,506
  • Sq. Ft. Source: Public Records
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,870
  • Lot Size: 20870
  • Lot Dimensions: 150 x 140
  • Frontage: Street Lights, Street Paved, Divided Highway, State Road
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $1,647.2
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Sole Proprietor
  • Special Conditions: None
  • Legal Description: ROCHELLE TERRACE PB 8 PG 44 BLK 3 LOTS 7 & 8 LESS ST RD 600
  • Flood Zone Info: X
  • APN: 262805525000003070
  • Property ID: 262805525000003070
  • Block/Lot/Section: 3

Listed by Century 21 Myers Realty

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Listing agent

— 980 S Lake Shore Way —

  • Century 21 Myers Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 980 S Lake Shore Way

School District:Polk County School District
NameGradesDistance
Lake Alfred Elementary School
550 East Cummings Street, Lake Alfred, FL 33850
PK-50.8 mi
Auburndale Senior High School
1 Bloodhound Trail, Auburndale, FL 33823
9-123.5 mi
Jere L. Stambaugh Middle School
226 Main Street, Auburndale, FL 33823
6-83.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 980 S Lake Shore Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Price Reduced
$399,000
-11.31%
MLS
9/17/2026
Price Reduced
$449,900
-10.02%
MLS
3/25/2026
Listed
$500,000
2400%
MLS
1/05/1999
Sold
$20,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 980 S Lake Shore Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,647
—
$85,816
—
2025
$1,647
-1%
$85,867
—
2024
$1,657
-2%
$86,231
-3%
2023
$1,692
10%
$88,768
20%
2021
$1,532
-1%
$74,255
-5%
2022
$1,550
1%
$78,117
6%
2021
$1,532
10%
$73,555
7%
2017
$1,394
—
$68,668
3%
2017
$1,394
6%
$66,920
4%
2016
$1,310
27%
$64,151
39%
2015
$1,030
-30%
$46,305
-33%
2019
$1,472
42%
$69,486
51%
2014
$1,037
-2%
$46,029
—
2013
$1,053
—
$46,049
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Century 21 Myers Realty

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980 S Lake Shore Way, Lake Alfred, FL 33850 (MLS# S5145068) is a Commercial property. 980 S Lake Shore Way is currently listed for $399,000 and was received on March 25, 2026. Want to learn more about 980 S Lake Shore Way? Do you have questions about finding other Commercial real estate for sale in Lake Alfred? You can browse all Lake Alfred real estate or contact a Coldwell Banker agent to request more information.

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