1 W Central Avenue, Lake Wales, FL 33853
- $475,000
- 4,135
- SqFt
- List Price
- $475,000
- Status
- Active
- Days on Market
- 13
- MLS#
- K4903636
- Property Style
- Mixed Use
- Year Built
- 1935
- Living Area
- 4,135
- Lot Size
- 198,000
- Acres
- 0.22
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Heckscher Second Add
- MLS Area Major
- Lake Wales South
Property Description
Position your business in the heart of Historic Downtown Lake Wales while enjoying the benefit of built-in investment income! Located on the prominent corner of Central Avenue and 1st Street, this approximately 4,100-square-foot multi-unit commercial building offers an exceptional opportunity for investors and owner-users alike. The property features three separate suites, with two suites currently under lease generating $2,250 per month in immediate rental income. Each suite has its own electric meter, providing convenience for both owners and tenants. The third suite is vacant and ready for your vision—perfect for an owner-occupied business, professional office, retail space, or an additional income-producing lease. One of this property’s standout features is its location—just one block from the iconic Walesbilt Hotel, where an extensive restoration is slated to begin this year. This highly anticipated redevelopment is expected to further energize Historic Downtown Lake Wales, making this an exciting opportunity to invest in an area positioned for continued growth and revitalization. As an added bonus, the property includes approximately 14 dedicated downtown parking spaces—a rare and highly desirable amenity that adds tremendous value for tenants, customers, and clients. Whether you’re looking to expand your investment portfolio, establish your business in a thriving downtown district, or capitalize on the flexibility of an income-producing property with owner-occupancy potential, this unique offering delivers approximately 4,100 square feet of opportunity in one of Lake Wales’ most desirable commercial locations.
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Additional Information
- Taxes Annual
- $8102
- Annual Gross Income
- 27000
- Location
- Central Business District, Corner Lot
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- C-1
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Other
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Other
- Flood Zone Code
- X
- Parcel ID
- 27-30-02-907000-001010
- Legal Description
- HECKSCHER SECOND ADD PB 6 PG 45 BLK 1 LOT 1
Listing courtesy of LEGACY REAL ESTATE CENTER INC. 863-676-0200
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