Address228 South Lake Shore Way, LAKE ALFRED, FL, 33850

Price$900,000

  • Commercial Sale
  • 1,677 SQ FT
  • Built in 1962

NEW PRICE IMPROVEMENT!! w/Seller Financing available. Introducing a remarkable opportunity in Lake Alfred, Florida! We are delighted to present a commercial real estate investment opportunity featuring a former successful restaurant that has recently undergone an exciting transformation. Formerly known as Luigi's Italian, it has now become Luigi's Pizzeria, offering a delightful New York-style pizza experience. Step into this inviting indoor pizzeria, boasting 35 seats, and experience the finest culinary delights Lake Alfred has to offer. Whether you prefer dining in, taking out, or having your delicious pizza delivered, Luigi's has got you covered. But wait, there's more! This investment opportunity is secured with a five-year lease option to renew and additional income on the property from subsequent buildings. Included in this investment package are three buildings generating additional income. Excellent Accessibility: Lake Alfred's strategic location offers easy access to major East/West and North/South routes via the I-4 and U.S. Hwy 27 corridors. You'll be perfectly positioned between Tampa, Orlando, and Miami. Don't miss out on this chance to own a property with A going concern, business, and great potential, thanks to the new concept of Luigi's Pizzeria. To learn more about this exciting opportunity, including financial details and to ensure confidentiality, please call us to request a Non-Disclosure Agreement (NDA). Take the first step towards a prosperous future by exploring this exceptional investment in Lake Alfred, Florida.

Essential Information

  • MLS® #S5092011
  • Price$900,000
  • Bathrooms0.00
  • Square Footage1,677
  • Acres0.58
  • Price/SqFt$537 USD
  • Year Built1962
  • TypeCommercial Sale
  • Sub-TypeRestaurant
  • StatusActive

Community Information

  • Address228 South Lake Shore Way
  • AreaLake Alfred
  • SubdivisionLAKE ALFRED REP
  • CityLAKE ALFRED
  • CountyPolk
  • StateFL
  • Zip Code33850

Amenities

  • ParkingParking Spaces - 13 to 18

Interior

  • AppliancesRefrigerator
  • CoolingCentral Air
  • # of Stories1

Exterior

  • RoofShingle
  • FoundationSlab

Additional Information

  • Date ListedSeptember 24th, 2023
  • Days on Market236
  • ZoningC-2

Listing Details

  • OfficeLPT REALTY

Lot Description

Central Business District, Fire Hydrant, Sidewalk, Street Lights, Paved

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Price Change History for 228 South Lake Shore Way, LAKE ALFRED, FL (MLS® #S5092011)

Date Details Change
Price Reduced from $1,350,000 to $900,000 $450,000 (33.33%)

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