Three-Suite Mixed-Use
For Sale
$475,000
1 W Central Ave, Lake Wales, FL 33853
Corner commercial property with separate electric metering, leased suites, and an available space for business occupancy.
Property Size4,100 SF
Price / SF$114.87
Days on Market42
Property Features for 1 W Central Ave
General Information
Standard status
Active
Size
4,100 SF
Total Parking Spaces
14
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$27,000
Office Units
3
Amenities
separate electric meters
Building Details
Year Built
1935
Buildings
1
Building Size
4,100 SF
Tenancy
Multi
Listing Agency:
LEGACY REAL ESTATE CENTER INC
Listed By:
Dolores Vogel
Source:
Livewelltampabay
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:03AM
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 LEGACY REAL ESTATE CENTER INC
Investment Insights
Based on property information with market context.
This mixed-use commercial building contains three separate suites, creating a flexible configuration for an owner-user, tenants, or a combination of both. Two suites are leased, while the remaining suite is vacant and can accommodate a professional office, retail operation, or another business use supported by the property information. Each suite has its own electric meter, allowing utility service to be handled independently. The building was constructed in 1935.
Positioned at the corner of Central Avenue and 1st Street in Historic Downtown Lake Wales, the property is one block from the Walesbilt Hotel. The offering also includes approximately 14 dedicated downtown parking spaces, providing on-site parking for occupants, customers, and clients. Restoration of the Walesbilt Hotel is slated to begin this year, according to the property information.
Positioned at the corner of Central Avenue and 1st Street in Historic Downtown Lake Wales, the property is one block from the Walesbilt Hotel. The offering also includes approximately 14 dedicated downtown parking spaces, providing on-site parking for occupants, customers, and clients. Restoration of the Walesbilt Hotel is slated to begin this year, according to the property information.
Key Highlights
- Three separate commercial suites, with two leased and one vacant
- Each suite has its own electric meter
- Approximately 14 dedicated downtown parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
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?
Mixed-use property - Corner commercial property with separate electric metering, leased suites, and an available space for business occupancy.
Where is this mixed-use property located?
The property is located at 1 W Central Ave Lake Wales, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three separate commercial suites, with two leased and one vacant; Each suite has its own electric meter; Approximately 14 dedicated downtown parking spaces
