LAKE WALES, FL 33853 1 W CENTRAL AVENUE

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Presented By: with . - 863-676-0200
  • MLS# K4903636
  • 07/14/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 4,135

Home Details

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.
Presented By: with . - 863-676-0200

Interior Features for 1 W CENTRAL AVENUE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1

General for 1 W CENTRAL AVENUE

Additional Parcels Description27-30-02-907000-001020
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
CityLAKE WALES
Construction MaterialsBlock
CoolingCentral Air
CountyPolk
DirectionsFrom 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
Flood Zone CodeX
Flood Zone Code XY
Gross Income27000
HeatingCentral, Central Individual
Legal DescriptionHECKSCHER SECOND ADD PB 6 PG 45 BLK 1 LOT 1
LevelsOne
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet198000
Lot Size UnitsAcres
MLS Area33853 - Lake Wales South
New ConstructionNo
Number Of Units Total3
OwnershipFee Simple
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameHECKSCHER SECOND ADD
Tax Annual Amount8102.49
Tax Lot1
Tax Year2025
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1935
ZoningC-1

Exterior for 1 W CENTRAL AVENUE

Building Area Total4135
Foundation DetailsSlab
Lot FeaturesCentral Business District, Corner Lot
Lot Size Acres0.22
Lot Size Area4.5455
Number of Buildings1
Number of Lots2
Parking FeaturesOther
Road Frontage TypeAlley, City Street
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $475,000
MLS#K4903636
List Date 07/14/2026
Property Type Commercial
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