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    61 W Central Ave Lake Wales, FL 33853

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    For Sale
    $550,000

    Prime commercial property in downtown Lake Wales with mixed-use zoning.

    Lot size:
    0.27 Acres

    Property Features for 61 W Central Ave

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1954

    Source: AVANTI WAY REALTY LLC Agent Kane Ashton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lake Wales Commercial Property

    This commercial property is located in downtown Lake Wales. The property offers 7,200 square feet of space and is zoned Downtown/Mixed Use, allowing for a variety of uses. It features road frontage on Central Avenue, benefiting from high traffic volume. The property includes two separate electrical meters, offering the potential to accommodate multiple businesses. This location is suitable for businesses seeking space for operations, client meetings, and storage.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Dawn Church Baptist Church Mr. Joseph Koloc Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5913538
    Latitude
    27.9010388

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial property in downtown Lake Wales with mixed-use zoning.
    Where is this commercial land located?
    The property is located at 61 W Central Ave Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime commercial property in downtown Lake Wales; - 7,200 Sqft of space suitable for various business needs; - Zoned Downtown/Mixed Use, allowing for a wide range of business operations
    (407) 399-9137
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    61 W Central Ave Lake Wales, FL 33853
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 W Central Ave Lake Wales, FL 33853
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