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    240 S 1St St Lake Wales, FL 33853

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    For Lease
    $16,200 /Mo

    Versatile commercial space near downtown Lake Wales with high visibility.

    Lot size:
    0.13 Acres

    Property Features for 240 S 1St St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1930

    Source: 1513 REALTY LLC Agent Pedro Cartagena

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

    Overview

    Downtown Lake Wales Commercial Space

    This commercial space, suitable for office or retail use, is located near downtown Lake Wales on a main thoroughfare connecting the downtown area to SR-Hwy 60, offering high visibility and convenience. The building includes a 22 x 19 showroom or office space and a 25 x 8 multi-purpose/utility area. Ample parking is available for customers and office staff.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -81.5897541
    Latitude
    27.8978799

    Nearby Similar for Lease

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      Historic Mixed-Use Building in Lake Wales

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      Downtown Lake Wales Office Space

      Professionally finished office/retail space in the heart of Lake Wales.
      251 E Park Ave, Lake Wales, FL 33853
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    • $15 SF/Yr
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      Downtown Lake Wales Mixed-Use Property

      Corner lot in growing business district, suitable for various uses.
      250 E Park Ave, Lake Wales, FL 33853
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      Downtown Lake Wales Office Space

      Rustic office space in revitalized downtown Lake Wales historic district.
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    • $14 SF/Yr
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      Downtown Lake Wales Retail Space

      Retail space in revitalized downtown Lake Wales business district.
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    • $1,600 /Mo
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      Warehouse Space with Office

      2500 sqft warehouse with office for lease on Hwy 60.
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    FAQs

    What type of property is this?
    Retail space - Versatile commercial space near downtown Lake Wales with high visibility.
    Where is this retail space located?
    The property is located at 240 S 1St St Lake Wales, FL.
    What are key features of this property?
    This property features: - High visibility location on a main thoroughfare.; - Versatile commercial space suitable for office or retail.; - Convenient access to downtown Lake Wales and SR-Hwy 60.
    (863) 528-2376
    Request Owner's contact information
    240 S 1St St Lake Wales, FL 33853
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    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
    240 S 1St St Lake Wales, FL 33853
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