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Retail Space with Six Suites
For Lease
$14 SF/Yr

245 E PARK Avenue, Lake Wales, FL 33853

Commercial Lease, LAKE WALES, FL

Space SizeContact for details
Lot Size0.06 Acres
Days on Market433

Property Features for 245 E PARK Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning C-1
Subdivision LAKE WALES
Directions From Scenic Hwy, turn West on Park Ave. Unit is on the right.
Standard status Active
APN 27-30-01-883000-025180
Size 2,340 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 25 LOT 18
Tax Annual Amount 3818
Legal Description LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 25 LOT 18

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Building Details

Year built 1920
Building materials Brick
Listing Agency: LEGACY REAL ESTATE CENTER INC
Listed By: Brian Vogel · License #3297845
Added: Jun 17, 2025 Changed: Aug 20 Last Checked: Aug 23 at 2:06AM
MLS# K4902970

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 2,340-square-foot retail space occupies a 1920 brick building and includes a front shop, reception area, conference room, laundry room, bathroom, and six rear suites. The property was formerly used as a spa, and the suite area can be adapted for other business types. Central heating and central air conditioning serve the space, with public sewer in place.

Located in the downtown business district of Lake Wales at 245 E Park Avenue, the property is positioned within an area undergoing downtown renovations focused on new food, shopping, and entertainment venues. C-1 zoning provides the stated commercial land-use designation for the property.

Key Highlights

  • 2,340 square feet in a 1920 brick building
  • Six rear suites plus a front retail shop and reception area
  • C‑1 zoning

Property Analytics

Current Use

Health Bloom Insurance ... Insurance Agency The Oasis Spa Spa & Massage Center

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Veterinary Clinic Auto Parts Store Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Office units
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

907
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Wells Fargo Shops & Services
4,825 visits/mo 0.1 miles
Family Dollar Shops & Services
4,156 visits/mo 0.3 miles
Truist Shops & Services
3,656 visits/mo 0.2 miles
Citgo Shops & Services
3,530 visits/mo 0.2 miles
Advance Auto Parts Shops & Services
2,097 visits/mo 0.5 miles

Demographics for 33853, FL

12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - C-1-zoned commercial space offers a reception area, private rooms, and a layout adaptable to several business configurations.
Where is this retail space located?
The property is located at 245 E PARK Avenue Lake Wales, FL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 2,340 square feet in a 1920 brick building; Six rear suites plus a front retail shop and reception area; C‑1 zoning
More about this property
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