$1,650,000
244 E Park Avenue Lake Wales, FL 33853
For Sale MLS# K4903016
8,480 sq ft Multi-family
Details for 244 E Park Avenue
MLS# K4903016
Description for 244 E Park Avenue, Lake Wales, FL, 33853
Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!
Listing Information
Property Type: Commercial, Multi Family
Status: Active
Lot Size: 0.12 Acres
Square Feet: 8,480 sq ft
Year Built: 1915
Construction: Brick
Construction Display: New Construction
Subdivision: Lake Wales
Foundation: Slab
Number Of Units Total: 6
County: Polk
Construction Status: New Construction
Interior Features
Appliances: Washer, Dishwasher, Dryer, Microwave, Refrigerator
Flooring: Tile
Accessibility: Accessible Bedroom, Accessible Common Area, Accessible Hallway(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Built-Up
Additional Exterior/Lot Features: City Lot, Historic District
Community Features
Community Features: Street Lights, Curbs, Sidewalks
Security Features: Fire Sprinkler System, Smoke Detector(s)
Driving Directions
From Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, building is on the left.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 27-30-01-883000-028020
Tax Amount: 8696.7
Tax Year: 2025
A broker reciprocity listing courtesy: LEGACY REAL ESTATE CENTER INC
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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 244 E Park Avenue
Sales History
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Tax Summary
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Schools
Schools nearby 244 E Park Avenue
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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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