Prime Redevelopment Opportunity in Lake Alfred — 0.89 Acres with Guest Cottages
Discover an exceptional investment and redevelopment opportunity in the heart of Lake Alfred. Situated on 0.89 acres, this property currently features nine individual guest-style cottage units offering flexible use as short-term or long-term rentals. A separate utility shed also sits on the property, providing additional storage or operational space.
With its spacious layout, existing structures, and highly desirable location, this property is ideal for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. Investors and developers will appreciate the expansive footprint, strong local growth, and proximity to major thoroughfares, lakes, and Central Florida attractions.
Whether you plan to renovate, reimagine, or rebuild entirely, this site presents a rare opportunity to bring a new vision to one of Lake Alfred’s most promising commercial corridors.
Unlock the full potential of this unique property and create the next standout lodging or commercial destination in Lake Alfred.
Discover an exceptional investment and redevelopment opportunity in the heart of Lake Alfred. Situated on 0.89 acres, this property currently features nine individual guest-style cottage units offering flexible use as short-term or long-term rentals. A separate utility shed also sits on the property, providing additional storage or operational space.
With its spacious layout, existing structures, and highly desirable location, this property is ideal for redevelopment into a modern motel, income-producing multi-unit lodging, boutique cottages, or commercial mixed-use concepts. Investors and developers will appreciate the expansive footprint, strong local growth, and proximity to major thoroughfares, lakes, and Central Florida attractions.
Whether you plan to renovate, reimagine, or rebuild entirely, this site presents a rare opportunity to bring a new vision to one of Lake Alfred’s most promising commercial corridors.
Unlock the full potential of this unique property and create the next standout lodging or commercial destination in Lake Alfred.
Property Details
Price:
$599,000
MLS #:
P4937065
Status:
Pending
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Hotel/Motel
Subdivision:
ROCHELLE TERRACE REP
Neighborhood:
33850lakealfred
Listed Date:
Nov 19, 2025
Finished Sq Ft:
2,768
Total Sq Ft:
2,768
Lot Size:
38,908 sqft / 0.89 acres (approx)
Year Built:
1954
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Exterior
Building Features
Bathrooms
Construction Materials
Concrete, Vinyl Siding
Direction Faces
Southeast
Lot Features
City Lot, Street Lights
Other Structures
Storage
Parking Features
6 to 12 Spaces
Roof
Shingle
Financial
Tax Year
2024
Taxes
$6,230
Map
Community
- Address1255 S LAKE SHORE WAY LAKE ALFRED FL
- SubdivisionROCHELLE TERRACE REP
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ACREAGE
- ADAM WILLIAM SUB
- CAROLINA-GOODMAN
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- CREEKSIDE ESTATES
- ECHO HEIGHTS FIRST ADD
- ECHO LAKE PARK SUB
- ECHO TERRACE
- ECHO TERRACE PB 23 PG 16
- EDEN HILLS
- EDEN HILLS PB 185 PG 1-6 LOT 87
- EDEN HILLS PH 2
- EDEN HILLS PH 2B
- EDEN HILLS PHASE 2
- EL-MEDINA SUB
- FANNING SHORES SUB
- GARRETT SUB
- GUM LAKE 40’S
- GUM LAKE 50’S
- GUM LAKE PRESERVE
- HAINESPORT
- HIGHLAND SUB
- LAKE ALFRED 03 REP
- LAKE ALFRED ESTATES
- LAKE ALFRED LUMBER CO SUB
- LAKE ALFRED PINES
- LAKE ALFRED REP
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE HAINES BLVD REP
- LAKE MARIANA
- LAKE MARIANA ACRES
- LAKE MARIANA ACRES UNIT 3
- LAKE MARIANA SHORES
- LAKES TR 02
- LAKES TR 5
- LANCASTER SHORES SUB
- LUMBEE OAKS
- MAGNOLIA RDG
- MAGNOLIA RIDGE
- MARIANA SHORES
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE
- ROWSE ADD
- SILVERLAKE PH 1
- SILVERLAKE PHASE 1
- SILVERLAKE PHASE 2
- SLIVER LAKE
- SPRINGS AT LAKE ALFRED
- THE LAKES TR 6
- TODHUNTER ESTATES
- TRACT 5 THE LAKES PB 179 PGS 39-40 LOT 71
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
Market Summary
Current real estate data for Commercial in LAKE ALFRED as of May 05, 2026
4
Commercial Listed
186
Avg DOM
413
Avg $ / SqFt
$662,225
Avg List Price
Property Summary
- Located in the ROCHELLE TERRACE REP subdivision, 1255 S LAKE SHORE WAY LAKE ALFRED FL is a Commercial for sale in LAKE ALFRED, FL, 33850. It is listed for $599,000 To schedule a showing of MLS#p4937065 at 1255 S LAKE SHORE WAY in LAKE ALFRED, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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Courtesy of CENTURY 21 MYERS REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1255 S LAKE SHORE WAY
LAKE ALFRED, FL