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.
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.
Property Details
Price:
$500,000
MLS #:
S5145068
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
ROCHELLE TERRACE
Neighborhood:
33850lakealfred
Listed Date:
Mar 25, 2026
Finished Sq Ft:
2,506
Total Sq Ft:
2,550
Lot Size:
20,870 sqft / 0.48 acres (approx)
Year Built:
1920
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Heating
Wall Units / Window Unit
Exterior
Building Features
Bathrooms, Kitchen Facility
Construction Materials
Wood Frame
Direction Faces
West
Lot Features
Sidewalk, Street Lights
Parking Features
1 to 5 Spaces
Roof
Metal
Financial
Tax Year
2025
Taxes
$1,647
Map
Community
- Address980 S LAKE SHORE WAY LAKE ALFRED FL
- SubdivisionROCHELLE TERRACE
- 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 Apr 28, 2026
4
Commercial Listed
178
Avg DOM
413
Avg $ / SqFt
$662,225
Avg List Price
Property Summary
- Located in the ROCHELLE TERRACE subdivision, 980 S LAKE SHORE WAY LAKE ALFRED FL is a Commercial for sale in LAKE ALFRED, FL, 33850. It is listed for $500,000 To schedule a showing of MLS#s5145068 at 980 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. 980 S LAKE SHORE WAY
LAKE ALFRED, FL