1 W CENTRAL AVE Lake Wales, FL 33853
4,135 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,135 sqft
Price per Sqft $114
Subdivision Heckscher Second Add
MLS Listing ID K4903636
HOA Y/N No
Year Built 1935
Annual Tax Amount $8,102
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
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.
Location
State FL
County Polk
Community Heckscher Second Add
Area 33853 - Lake Wales South
Zoning C-1
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Other
Water Access No
Roof Type Other
Building
Lot Description Central Business District, Corner Lot
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/K4903636
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