Automotive Shop with Office &
133 W STUART Avenue Lake Wales, FL 33853
For Sale
$450,000
COMMERCIAL - LAKE WALES, FL
Property Size2,136 SF
Lot Size0.17 Acres
Price / SF$210.67
Days on Market611
Property Features for 133 W STUART Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Standard status
- Active
- APN
- 27-30-02-908000-001201
- Size
- 2,136 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CARY WALTERS SUB PB 7 PG 5 BLK 1 LOTS 20 THAT PART DESC AS BEG .5 FT N OF SE COR RUN W .67 FT NLY 87.5 FT E .18 FT S TO POB & 21 THRU 23
- Tax Annual Amount
- 1453
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1958
- Flooring type
- Concrete, Tile - Ceramic
- Building materials
- Block, Concrete
- Roof type
- Membrane
- Additional Structures
- Outbuilding
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 676-0200
Listed By:
Vicky Holloway · License #3279441
(863) 557-9003
Added: Nov 22, 2024
Changed: Jul 20
Last Checked: Jul 26 at 9:06PM
MLS# K4902707
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This C-2 zoned automotive property includes a spacious reception area, dedicated office space, and a bathroom within the main building. A flexible workspace totaling over 1,500 square feet can be used as-is or redesigned, depending on your operational needs. Attached to the main building is more than 400 square feet of garage space with a roll-up door, suited to accommodating multiple projects at once.
Additional covered space is provided by a 1,000-square-foot carport with a 14-foot height, all set on concrete pavement and enclosed with fencing and a wall along two sides. The property is located near Highway 27, providing access for customers.
The seller is also offering the real estate separately or together with a well-established downtown Lake Wales auto upholstery business as a turn-key option, with a client base described as spanning 50-plus years.
Additional covered space is provided by a 1,000-square-foot carport with a 14-foot height, all set on concrete pavement and enclosed with fencing and a wall along two sides. The property is located near Highway 27, providing access for customers.
The seller is also offering the real estate separately or together with a well-established downtown Lake Wales auto upholstery business as a turn-key option, with a client base described as spanning 50-plus years.
Key Highlights
- Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.
- Prime downtown Lake Wales location, experiencing significant development and growth.
- Over 1500 sq. ft. of flexible workspace in the main building, suitable for redesign.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $21.00 |
| − Vacancy | −$9.9k | −$4.62 |
| EGI | $35.0k | $16.38 |
| − OpEx | −$8.7k | −$4.10 |
| NOI | $26.2k | $12.29 |
2,136 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$374.9K
$328.0K – $437.4K
NOI $26,241 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$513.3K
$449.1K – $598.9K
NOI $35,931 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
B & B Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Dan's Mobile Paint Services — 411 E Polk Ave, Lake Wales, FL 33853
- C&S Mobile RV Services — 3 W Grove Ave, Lake Wales, FL 33853
- iTint Professional GlassTinting — 330 S Scenic Hwy, Lake Wales, FL 33853
- Mobile mechanic gas&diesel RV semi truck trelair van cars — 19254 US Hwy No. 27, Lake Wales, FL 33853
- Tire Choice Auto Service Centers — 203 Domaris Ave, Lake Wales, FL 33853
FAQs
What type of property is this?
Auto shop - Automotive property with reception, offices, and garage space with roll-up door plus covered carport on fenced concrete.
Where is this auto shop located?
The property is located at 133 W STUART Avenue Lake Wales, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.; Prime downtown Lake Wales location, experiencing significant development and growth.; Over 1500 sq. ft. of flexible workspace in the main building, suitable for redesign.
