215 LINCOLN Ave Lake Wales, FL 33853
Mixed-use property with redevelopment potential in downtown Lake Wales.
Type:Commercial
- Added:
- Apr 24, 2026
- Days on Market:
- 8
- Last Refresh:
- Apr 24 at 4:19 pm
Property Features for 215 LINCOLN Ave
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing agent Vonteria Williams License #3624772 (407) 954-0300
Listing office eXp Realty LLC (407) 954-0300
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Overview
Downtown Lake Wales Redevelopment Opportunity
Located in downtown Lake Wales at 215 Lincoln Ave, this two-story concrete block building presents a mixed-use redevelopment opportunity. The upper level features two 1-bedroom, 1-bathroom apartments, offering future residential income once renovated. The ground floor, previously a restaurant, provides an open layout suitable for retail, café, professional office, creative space, or food and beverage re-establishment. Buyers should verify permitted uses and zoning. The property has been gutted and is renovation-ready, allowing customization of the layout and finishes. Existing slab foundation, concrete block construction, and visible plumbing and electrical infrastructure provide a solid framework for repositioning. The property is strategically located along a walkable downtown streetscape with sidewalks, decorative lighting, and surrounding commercial activity. The property is located within the eligible area for the Lake Wales CRA Business Incentive Program, offering potential grants and redevelopment incentives to qualified buyers. Eligibility, requirements, and funding availability should be verified with the CRA. The seller also owns the adjacent side lot, available for purchase separately, suitable for expansion, parking, patio or outdoor seating, or future development. The property is ideal for investors, developers, or owner-users seeking a repositioning project with residential income above and commercial potential below in a revitalizing downtown market. The property is sold AS-IS. Bike Score: 45, Somewhat Bikeable. Walk Score: 14, Car-Dependent.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5922045
- Latitude
- 27.9117776
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with redevelopment potential in downtown Lake Wales.
Where is this mixed-use property located?
The property is located at 215 LINCOLN Ave Lake Wales, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Prime mixed‑use redevelopment opportunity in downtown Lake Wales.; Eligible for Lake Wales CRA Business Incentive Program (grants and redevelopment incentives).; Two‑story concrete block building with renovation‑ready apartments above and commercial space below.
