Downtown Lake Wales Auto
133 W STUART AVENUE Lake Wales, FL 33853
For Sale
$450,000
Auto shop with flexible workspace in growing downtown Lake Wales.
Property Size2,136 SF
Lot Size0.17 Acres
Price / SF$210.67
Days on Market611
Property Features for 133 W STUART AVENUE
General Information
- Standard status
- Active
- Size
- 2,136 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1958
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 557-9003
Listed By:
Vicky Holloway · License #3279441
(863) 557-9003
Source:
Exitrealty
Added: Nov 22, 2024
Changed: Jul 10
Last Checked: Jul 26 at 6:51AM
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 property is located in downtown Lake Wales, near Highway 27, providing easy access for customers. The building features a spacious reception area with a dedicated office and bathroom. It includes over 1500 square feet of flexible workspace that can be used as is or redesigned. Connected to the main building is over 400 square feet of garage space with a roll-up door. An additional covered 1000 square feet is provided with a 14-foot high carport, all on concrete pavement and secured with a fence and wall on two sides. The property is suitable for auto shops, automotive properties, retail spaces, flex space, and industrial purposes. The property size is 2136 square feet. Lake Wales is experiencing a surge of development and growth with future projects planned for Main Street. The property can also be purchased as a turn-key, local auto upholstery business with an established client base of over 50 years.
Key Highlights
- Prime downtown location in Lake Wales, experiencing significant growth.
- Over 1500 sq. ft. of flexible workspace, customizable to various business needs.
- Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $17.40 |
| − Vacancy | −$2.9k | −$1.36 |
| EGI | $34.3k | $16.04 |
| − OpEx | −$10.3k | −$4.81 |
| NOI | $24.0k | $11.23 |
2,136 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 5.33%
Second Best
Flex RnD
$164.2K
$143.7K – $191.6K
NOI $11,496 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$513.3K
$449.1K – $598.9K
NOI $35,931 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
B & B Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Dan's Mobile Paint Services — 411 E Polk Ave, Lake Wales, FL 33853
- iTint Professional GlassTinting — 330 S Scenic Hwy, Lake Wales, FL 33853
- Mobile mechanic gas&diesel RV semi truck trelair van cars — 19254 US Hwy No. 27, Lake Wales, FL 33853
- Papos Tire And Auto Repair — 322 S Scenic Hwy, Lake Wales, FL 33853
- Tire Choice Auto Service Centers — 203 Domaris Ave, Lake Wales, FL 33853
FAQs
What type of property is this?
Auto shop - Auto shop with flexible workspace in growing downtown Lake Wales.
Where is this auto shop located?
The property is located at 133 W STUART AVENUE Lake Wales, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime downtown location in Lake Wales, experiencing significant growth.; Over 1500 sq. ft. of flexible workspace, customizable to various business needs.; Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.
