About 1 W Central Avenue
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.
Features of 1 W Central Avenue
| MLS® # | K4903636 |
|---|---|
| Price | $475,000 |
| Square Footage | 4,135 |
| Acres | 0.22 |
| Year Built | 1935 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | LEGACY REAL ESTATE CENTER INC |
|---|
Listing Map
Neighborhood Information for 1 W Central Avenue
Stable Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Endtime Christian School Of Excellence Private - Kindergarten to 12Th Grade - Closest Elementry School |
0 Miles | |
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Polk Avenue Elementary School Public - Preschool to 5Th Grade |
0 Miles | |
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Candlelight Christian Academy Private - Kindergarten to 12Th Grade - Closest Middle School |
0 Miles | |
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Namesake Christian Academy Private - to |
0 Miles | |
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Canaan Academy Private - to |
0 Miles | |
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Love To Learn Private - to |
1 Miles | |
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Roosevelt Academy Public - 6Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools