About This Home

This 0-bedroom, 0-bathroom commercial at 1 W CENTRAL Avenue in Lake Wales, FL is listed for $475,000 ($115 per sqft). Built in 1935, the home offers 4,135 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1935
  • 0.22 acre lot

Property Details

1 story
1935

Amenities

A/C
Listing 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 in

come-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.

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

1 W CENTRAL Avenue

Lake Wales, FL 33853

HECKSCHER SECOND ADD

Property Details

Construction

Block

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1 W CENTRAL Avenue is listed at $475,000 ($115/sqft). The estimated monthly payment is $2,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 0.22 acre lot.

This property is listed by Dolores Vogel.

DV

Dolores Vogel

Agent at Legacy Real Estate Center, Inc

Listed by Legacy Real Estate Center, Inc · Broker phone: (863) 676-0200 · Broker website

MLS# K4903636· Source: Stellar MLS· 108 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1 W CENTRAL Avenue, Lake Wales, FL 33853

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