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    Lake Wales, FL
    Restaurants

    Lake Wales, FL Restaurants for Sale

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    Indian Lake Estates, FL Babson Park, FL Winter Haven, FL Bartow, FL Dundee, FL Fort Meade, FL Haines City, FL Frostproof, FL
    Furnished Restaurant with Commercial Kitchen
    Updated: Sep 9, 2025
    Furnished Restaurant with Commercial Kitchen

    114 W CENTRAL Avenue, Lake Wales, FL 33853

    $550,000
    1,674 sqft 0.23 AC lot
    1,674‑square‑foot restaurant building and business included
    0.23‑acre site on W Central Avenue near downtown Lake Wales
    Commercial kitchen with walk‑in coolers, gas range, fryers, and stainless workstations
    Dining area features booth seating
    Privacy‑fenced rear patio with storage building
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    This listing looks promising.

    Here's a quick look at some key insights for

    114 W CENTRAL Avenue, LAKE WALES, FL 33853

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $22K
      Annual

    • Price @ 7% Cap

      $311K
      Suggested

    • Last Sold

      Feb 2022
      $175K

    • Property Type

      Restaurant
      Built 1953
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    Furnished Restaurant in Lake Wales
    Updated: Mar 11
    Furnished Restaurant in Lake Wales

    114 W CENTRAL Ave, Lake Wales, FL 33853

    $550,000
    0.23 AC lot
    Fully furnished and equipped restaurant; business and building included in the price.
    Prime location on a major thoroughfare into downtown Lake Wales, Florida.
    Includes all commercial‑grade kitchen equipment (walk‑in coolers, gas range, fryers, etc.).
    Strong community presence and established demographics for over 70 years.
    Spacious dining area with attractive booth seating.
    View details
    Renovated Restaurant with Commercial Kitchen
    Renovated Restaurant with Commercial Kitchen

    1303 E State Rd 60, Lake Wales, FL 33853

    Contact for pricing

    Existing food-service improvements include installed cooking equipment, refrigeration, and seating.

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    Lake Wales Restaurant Opportunity
    Lake Wales Restaurant Opportunity

    1303 Hesperides Rd, Lake Wales, FL

    Contact for pricing
    0.30 AC lot

    Recently renovated restaurant with equipment included in Lake Wales.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Retail Space Near Eagle Ridge Mall
    Retail Space Near Eagle Ridge Mall

    NEC Eagle Ridge Mall Entrance and Hwy 27, Lake Wales, FL 33859

    Contact for pricing

    Retail development opportunity with high visibility near Eagle Ridge Mall.

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    Based on your search, we've compiled 58 Potential Opportunities for your consideration. Besides 5 Active listings in Lake Wales, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 45 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Restaurant Property
    Renovated Restaurant Property

    7350 CYPRESS GARDENS Boulevard, Winter Haven, FL 33884

    $2,400,000
    2,213 sqft 1.01 AC lot

    Updated restaurant improvements include a new roof, HVAC system, and interior and exterior renovations.

    View details
    Renovated Restaurant Property
    Renovated Restaurant Property

    7350 Cypress Gardens Boulevard, Winter Haven, FL 33884

    $2,400,000
    2,618 sqft 1.00 AC lot

    Updated restaurant building with a new roof, HVAC system, and interior and exterior improvements.

    View details
    Commercial Land With Existing Store
    Commercial Land With Existing Store

    4670 US HIGHWAY 17 N, Bartow, FL 33830

    $1,299,000
    1.71 AC lot

    C-3-zoned land combines build-ready parcels with a grocery, convenience, and restaurant facility.

    View details
    Commercial Land with Existing Store
    Commercial Land with Existing Store

    4670 Us Highway 17 N, Bartow, FL 33830

    $1,299,000

    C-3 commercial land along US Highway 17 includes build-ready parcels and an operating-format grocery, convenience, and restaurant facility.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Corner Lot
    Commercial Corner Lot

    203 EMERALD Avenue, Lake Wales, FL 33853

    $149,000
    0.22 AC lot

    C-2-zoned corner parcel with public water, public sewer, and a paved area for parking or display.

    View details
    C-2 Commercial Corner Land
    C-2 Commercial Corner Land

    104 W CENTRAL Avenue, Lake Wales, FL 33853

    $110,000
    0.34 AC lot

    C-2 zoning and water availability are documented for this downtown Lake Wales parcel.

    View details
    Corner Commercial Land
    Corner Commercial Land

    STATE ROAD 60 E, Lake Wales, FL 33898

    $385,000
    5.05 AC lot

    Corner parcel with SR 60 frontage, ARR zoning, and access from Doherty Drive.

    View details
    Corner Development Land with Retail Potential
    Corner Development Land with Retail Potential

    DOHERTY Drive, Lake Wales, FL 33898

    $299,000
    5.73 AC lot

    Corner lot with 381 feet of frontage on SR 60 and access from Doherty Drive for flexible development under ARR zoning.

    View details

    Off-Market Properties in Lake Wales, FL

    Consider similar Off-Market properties in Lake Wales, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4521 Macey Ln
    DRIVE-THRU RESTAURANT, FAST FOOD

    4521 Macey Ln, Lake Wales, FL 33859-7331

    $1,790,000
    Estimated value
    3,114 sqft 1.03 AC lot
    View details
    19501 Hwy 27
    RESTAURANT

    19501 Hwy 27, Lake Wales, FL 33853-2456

    $405,000
    Estimated value
    4,510 sqft 0.71 AC lot
    View details
    1303 State Rd 60th E
    RESTAURANT

    1303 State Rd 60th E, Lake Wales, FL 33853-4343

    $310,000
    Estimated value
    2,623 sqft 0.30 AC lot
    View details
    218 State Rd 60th E
    RESTAURANT

    218 State Rd 60th E, Lake Wales, FL 33853-3748

    $180,000
    Estimated value
    1,620 sqft 0.26 AC lot
    View details
    4541 Macey Ln
    RESTAURANT

    4541 Macey Ln, Lake Wales, FL 33859-7331

    $1,900,000
    Estimated value
    4,563 sqft 1.12 AC lot
    View details
    15333 Hwy 27
    RESTAURANT

    15333 Hwy 27, Lake Wales, FL 33859-2553

    $475,000
    Estimated value
    3,911 sqft 1.27 AC lot
    View details
    206 State Rd 60th E
    RESTAURANT

    206 State Rd 60th E, Lake Wales, FL 33853-3748

    $370,000
    Estimated value
    1,822 sqft 0.53 AC lot
    View details
    1301 State Rd 60th E
    DRIVE-THRU RESTAURANT, FAST FOOD

    1301 State Rd 60th E, Lake Wales, FL 33853-4343

    $355,000
    Estimated value
    1,344 sqft 0.30 AC lot
    View details
    114 Central Ave
    RESTAURANT

    114 Central Ave, Lake Wales, FL 33853-4012

    $325,000
    Estimated value
    1,674 sqft 0.23 AC lot
    View details
    109 State Rd 60th W
    RESTAURANT

    109 State Rd 60th W, Lake Wales, FL 33853-4408

    $455,000
    Estimated value
    3,978 sqft 1.43 AC lot
    View details
    210 State Rd 60th W
    RESTAURANT

    210 State Rd 60th W, Lake Wales, FL 33853-4411

    $765,000
    Estimated value
    6,843 sqft 1.41 AC lot
    View details
    612 State Rd 60th W
    DRIVE-THRU RESTAURANT, FAST FOOD

    612 State Rd 60th W, Lake Wales, FL 33853-4419

    $425,000
    Estimated value
    3,288 sqft 0.45 AC lot
    View details
    21400 Hwy 27
    RESTAURANT

    21400 Hwy 27, Lake Wales, FL 33859-6854

    $1,275,000
    Estimated value
    5,975 sqft 1.06 AC lot
    View details
    6521 Deland Ave
    RESTAURANT

    6521 Deland Ave, Lake Wales, FL 33898

    $55,000
    Estimated value
    3,721 sqft 0.68 AC lot
    View details
    2500 Rdg Way
    DRIVE-THRU RESTAURANT, FAST FOOD

    2500 Rdg Way, Lake Wales, FL 33859-6808

    $2,165,000
    Estimated value
    4,365 sqft 1.27 AC lot
    View details
    120 Park Ave
    RESTAURANT

    120 Park Ave, Lake Wales, FL 33853-4124

    $325,000
    Estimated value
    1,620 sqft 0.04 AC lot
    View details
    802 Henry St
    BAR, TAVERN

    802 Henry St, Lake Wales, FL 33853-4502

    $275,000
    Estimated value
    2,396 sqft 0.24 AC lot
    View details
    1942 State Rd 60th E
    DRIVE-THRU RESTAURANT, FAST FOOD

    1942 State Rd 60th E, Lake Wales, FL 33853-4369

    $510,000
    Estimated value
    2,166 sqft 1.11 AC lot
    View details
    24186 Hwy 27
    DRIVE-THRU RESTAURANT, FAST FOOD

    24186 Hwy 27, Lake Wales, FL 33859-7801

    $560,000
    Estimated value
    2,340 sqft 1.20 AC lot
    View details

    Lake Wales, FL Restaurants Market Trends and Statistics

    Explore 50 restaurants for sale in Lake Wales, FL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 1,674 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for restaurant properties in Lake Wales, FL average $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Drive through restaurants 3
    Commercial kitchens 2

    Demographics Overview

    Population 43K
    Population Growth (5Y) -17.6%
    Median Household Income $52,183
    College Educated 33.0%

    High-Yield Neighborhoods for Investment

    Identify Lake Wales submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    33853 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.68%
    Property Tax per SF $27.09 per SF
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Polk County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lake Wales fall within the 100,000+ square foot range.

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