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    114 W Central Ave Lake Wales, FL 33853

    For Sale
    $600,000

    Restaurant - LAKE WALES, FL

    Property size:
    1,674 SF
    Lot size:
    0.23 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 114 W Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    APN
    27-30-02-908000-008070
    Appliances
    Refrigerator
    Size
    1,674 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Block, Frame, Vinyl Siding
    Roof type
    Membrane
    Architectural style
    Other

    Coldwell Banker Real Estate Winter Haven (863) 294-7541 [email protected]

    Listing agent Erin Floyd (863) 294-7541 License #3212218

    Listing date Nov 7, 2025

    MLS# P4936164 Listing URL

    Copyright © 2025 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.

    Overview

    Furnished Restaurant in Lake Wales

    This is a fully furnished and equipped restaurant located on a major thoroughfare into downtown Lake Wales, Florida. The business and building are included in the list price. The dining area is spacious and furnished with booth seating. All equipment conveys with the sale of the building, consisting of commercial walk-in coolers, a gas range, an exhaust fan, fryers, stainless work stations, sinks, and shelving. A privacy fenced back patio houses a storage building and provides an area for employees. This property has had a community presence for over 70 years. The property is located in a high traffic area of the downtown district. The lot size is 0.23 acres. The property size is 1674 square feet. The zoning is C-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kualao Lao Thai ... Thai Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    D ON WHEELZ INC

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.592344
    Latitude
    27.901513

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    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant with a strong community presence for over 70 years.
    Where is this restaurant located?
    The property is located at 114 W Central Ave Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Fully furnished and equipped restaurant, business and building included in the list price.; - Prime location on a major thoroughfare into downtown Lake Wales, Florida.; - Includes all commercial-grade kitchen equipment: walk-in coolers, gas range, exhaust fan, fryers, stainless work stations, sinks, and shelving.
    (863) 294-7541
    Request Owner's contact information
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    Lake Wales, FL 33853
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 W Central Ave Lake Wales, FL 33853
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