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1255 S Lake Shore WAY
For Sale $599,000 ($216.40 per Sq Ft)
$599,000 ($216.40 per Sq Ft)
- Units
- 2,768 Sq Ft
- 38,908 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $599,000 |
| Property Type | Hotel & Restaurants |
| Usable Sqft | 2,768 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 262805525500008010 |
| MLS # | P4937065 |
| Property ID | 317991546 |
| Lot Sqft | 38,908 |
| Zoning | C-1 |
| Days on Market | 18 |
| Original List Price | $5,999,999 |
| Date Updated | November 20, 2025 |
| Date Created | November 19, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Brent Morse an agent of CENTURY 21 MYERS REALTY.
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of November 20, 2025 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT