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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.
| DAYS ON MARKET | 10 | LAST UPDATED | 7/15/2026 |
|---|---|---|---|
| TRACT | HECKSCHER SECOND ADD | YEAR BUILT | 1935 |
| COMMUNITY | 33853 - Lake Wales South | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33853 - Lake Wales South |
| CONSTRUCTION | Block |
| HEAT | Central |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Other |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | HECKSCHER SECOND ADD |
| TAXES | 8102.49 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Dolores Vogel, LEGACY REAL ESTATE CENTER INC, 863-676-0200
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 7/23/26 5:05 PM PDT.
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