Commercial Office Building For
For Sale
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1 Scenic Central, Lake Wales, FL 33853
Commercial office building with restaurant and parking lot in Lake Wales.
Property Size17,760 SF
Lot Size0.46 Acres
Days on Market118
Property Features for 1 Scenic Central
General Information
Standard status
Active
Size
17,760 SF
Lot size
0.46 Acres
Property subtype
Office, Retail
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ACRE Expert LLC
Investment Insights
Based on property information with market context.
Located at 1 Scenic Central, Lake Wales, FL, 33853, this commercial office building is situated on a corner lot with a traffic light signal. The property consists of two parcels, one with an existing two-story building and the other a parking lot with 18 spaces. The building has a modern architectural design with an attractive wall mural. The building size is 17,760 square feet on a total land size of 19,759 square feet (0.46 acres). The layout includes a total of 14 units, with 11 offices and a restaurant occupying 3 units. There are 5 vacant office units, with 3 move-in ready and 2 needing updates. The current gross yearly rent is $131,110.08, with expenses of $52,202.78, resulting in a net operating income (NOI) of $78,907.30. The potential gross rent is $344,712 ($24 per square foot), with a potential NOI of $292,509.22. The rentable square footage is 14,363. Potential development opportunities include a medical/office building, restaurants, eat-in/outdoor café takeout, store, or retail space. The property is located in Polk County and is zoned C-1. The parcel IDs are 27-30-01-883000-031291 and 27-30-01-883000-031260.
Key Highlights
- Prime corner lot location with traffic light signal.
- Significant potential to increase gross rent to $344,712 annually ($24 per sqft).
- Existing commercial office building with 14 units (11 offices + restaurant).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office building with restaurant and parking lot in Lake Wales.
Where is this office building located?
The property is located at 1 Scenic Central Lake Wales, FL.
What are key features of this property?
This property features: Prime corner lot location with traffic light signal.; Significant potential to increase gross rent to $344,712 annually ($24 per sqft).; Existing commercial office building with 14 units (11 offices + restaurant).
