Downtown Mixed-Use
For Sale
$475,000
1 W CENTRAL Avenue, Lake Wales, FL 33853
Commercial Sale, LAKE WALES, FL
Property Size4,100 SF
Lot Size0.22 Acres
Price / SF$114.87
Days on Market43
Property Features for 1 W CENTRAL Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Subdivision
HECKSCHER SECOND ADD
Lot features
Central Business District, Corner Lot
Directions
From Hwy 27, turn east onto Central Ave, continue to the light at 1st street, turn right, take first right into alleyway, turn right into parking
Standard status
Active
APN
27-30-02-907000-001010
Size
4,135 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HECKSCHER SECOND ADD PB 6 PG 45 BLK 1 LOT 1
Tax Annual Amount
8102
Legal Description
HECKSCHER SECOND ADD PB 6 PG 45 BLK 1 LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Number of units
3
Building materials
Block
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 676-0200
Listed By:
Dolores Vogel · License #621090
(863) 632-5573
Added: Jul 14
Changed: Aug 24
Last Checked: Aug 25 at 11:06AM
MLS# K4903636
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 4,135-square-foot mixed-use commercial building contains three separate suites within a block structure constructed in 1935. Two suites are leased, while the remaining suite is vacant for a new occupant or additional lease. Individual electric meters serve each suite, supporting separate utility administration across the property.
The building occupies the corner of W Central Avenue and 1st Street in Historic Downtown Lake Wales, one block from the Walesbilt Hotel. Approximately 14 dedicated downtown parking spaces are included, providing on-site parking for occupants and visitors. The property is zoned C-1 and has central heating, central air conditioning, public water, and public sewer.
The three-suite layout supports a combination of leased and vacant space within one commercial property. Its downtown setting, corner position, separate metering, and dedicated parking provide a practical configuration for multiple occupants or a business using part of the building.
The building occupies the corner of W Central Avenue and 1st Street in Historic Downtown Lake Wales, one block from the Walesbilt Hotel. Approximately 14 dedicated downtown parking spaces are included, providing on-site parking for occupants and visitors. The property is zoned C-1 and has central heating, central air conditioning, public water, and public sewer.
The three-suite layout supports a combination of leased and vacant space within one commercial property. Its downtown setting, corner position, separate metering, and dedicated parking provide a practical configuration for multiple occupants or a business using part of the building.
Key Highlights
- 4,135‑square‑foot mixed‑use building with 3 separate suites
- Two suites currently leased; one suite is vacant
- Approximately 14 dedicated downtown parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property with multiple suites, separate electric metering, dedicated parking, and C-1 zoning in central Lake Wales.
Where is this mixed-use property located?
The property is located at 1 W CENTRAL Avenue 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: 4,135‑square‑foot mixed‑use building with 3 separate suites; Two suites currently leased; one suite is vacant; Approximately 14 dedicated downtown parking spaces
