$475,000
1 W Central Avenue Lake Wales, FL 33853
For Sale MLS# K4903636
4,135 sq ft Commercial
Details for 1 W Central Avenue
MLS# K4903636
Description for 1 W Central Avenue, Lake Wales, FL, 33853
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.
Listing Information
Property Type: Commercial, Mixed Use
Status: Active
Lot Size: 0.22 Acres
Square Feet: 4,135 sq ft
Year Built: 1935
Stories: 1 Story
Construction: Block
Subdivision: Heckscher Second Add
Foundation: Slab
Number Of Units Total: 3
County: Polk
Utilities
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Individual, Central
Exterior / Lot Features
Parking Description: Other
Roof: Other
Additional Exterior/Lot Features: Corner Lot, Central Business District
Driving Directions
From Hwy 27, turn east onto Central Ave, continue to the light at 1st street, turn right, take first right into alleyway, turn right into parking
Financial Considerations
Terms: Cash
Gross Income: 27000
Tax/Property ID: 27-30-02-907000-001010
Tax Amount: 8102.49
Tax Year: 2025
A broker reciprocity listing courtesy: LEGACY REAL ESTATE CENTER INC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1 W Central Avenue
Sales History
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Tax Summary
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Schools
Schools nearby 1 W Central Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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