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Active - Mixed Use for sale
1 W CENTRAL AVENUE, Lake Wales, FL
Facts & features
Why you’ll love it
Position your business in the heart of Historic Downtown Lake Wales while enjoying the benefit of built-in investment income! Located on the prominent corner of Central Avenue and 1st Street, this approximately 4,100-square-foot multi-unit commercial building offers an exceptional opportunity for investors and owner-users alike. The property features three separate suites, with two suites currently under lease generating $2,250 per month in immediate rental income. Each suite has its own electric meter, providing convenience for both owners and tenants. The third suite is vacant and ready for your vision—perfect for an owner-occupied business, professional office, retail space, or an additional income-producing lease. One of this property’s standout features is its location—just one block from the iconic Walesbilt Hotel, where an extensive restoration is slated to begin this year. This highly anticipated redevelopment is expected to further energize Historic Downtown Lake Wales, making this an exciting opportunity to invest in an area positioned for continued growth and revitalization. As an added bonus, the property includes approximately 14 dedicated downtown parking spaces—a rare and highly desirable amenity that adds tremendous value for tenants, customers, and clients. Whether you’re looking to expand your investment portfolio, establish your business in a thriving downtown district, or capitalize on the flexibility of an income-producing property with owner-occupancy potential, this unique offering delivers approximately 4,100 square feet of opportunity in one of Lake Wales’ most desirable commercial locations.
Listings courtesy of LEGACY REAL ESTATE CENTER INC as distributed by MLS GRID.
Listed by: Dolores Vogel • dolores@legacyrealestatecenter.com • LEGACY REAL ESTATE CENTER INC
Co-listed by: LEGACY REAL ESTATE CENTER INC
Source: Stellar MLS as distributed by MLS GRID, MLS#: K4903636
Based on info available as of Nov 14, 2026 at 2:01 PM EST.
Come see by yourself
Affordability
$3,077/mo
- Mortgage$2,402
- Property tax$675
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$9,500 Credit back
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Travel times
About Heckscher Second Add
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Nov 14, 2026 at 02:01pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Make a winning offer, and get up to
$9,500 Credit back
