1 W Central AvenueLake Wales, FL 33853

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.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1935

Stories

1

Living area

4,135 Sq Ft

Lot size

0.22 acres

Ownership

Fee Simple

Zoning

C-1

Days on market

102

MLS^® Listing#

K4903636

Property Features

Cooling

Central Air

Heating

Central

Parking

Other

Lot features

Corner Lot

Construction

Block

Foundation

Slab

Roof

Other

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$8,102Tax year 2025

Parcel number

27-30-02-907000-001010

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