SQUARE FEET4,135
MLS#K4903636
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONHECKSCHER
Property 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 Features
Property Type: Commercial -
Cooling: Central Air
Heating: Central
Lot Size: 0.22 Acres
Roof Type: Other
Stories: 1.0
Taxes: $8,102
Year Built: 1935
Feature Descriptions
Days on Site: 1
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
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot: Central Business District, Corner Lot
Lot Dimensions: 0.22
Ownership: Fee Simple
Parking: Other
Parking Notes: Other
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Units: 3
Water: Public
Water Access Y/N: No
Zoning: C-1
Listed By / Shown By
Listed By
Agency Name: LEGACY REAL ESTATE CENTER INC
Agency Contact: 863-676-0200
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1 W Central Avenue | MLS# K4903636
This commercial property located at 1 W Central Avenue , Lake Wales, FL 33853 is currently listed for sale with an asking price of $475,000. Search Lake Wales real estate on www.realtymark.net today.