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$475,000

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.

Heckscher Second Add SubDv. ⋅ 33853 Zip Code

1 W Central Avenue, Lake Wales

$139,900

Virtually Staged. Welcome to this beautifully updated 2-bedroom, 1-bath home offering comfort, convenience, and exceptional value! Whether you're searching for your first home, looking to downsize, or adding a solid investment property to your portfolio, this move-in-ready home checks all the boxes. Inside, you'll find luxury vinyl plank flooring throughout, creating a clean, modern look that's both stylish and easy to maintain. The bright kitchen features a brand-new stove, abundant cabinet storage, generous counter space, and is perfectly designed for everyday living. Updated lighting adds a fresh, contemporary feel, while the convenient indoor laundry room provides added functionality. Step outside to enjoy the fully fenced backyard—ideal for pets, outdoor entertaining, or simply relaxing in your own private space. Located in the heart of Lake Wales, you'll appreciate the convenience of being just minutes from charming downtown shopping, local restaurants, parks, schools, medical facilities, and the city's historic attractions, while still enjoying quick access to major roadways for an easy commute. Lake Wales continues to grow in popularity thanks to its small-town charm, historic downtown, and nearby attractions like Bok Tower Gardens. Don't miss this fantastic opportunity to own an affordable, updated home in a convenient Central Florida location!

2 Beds ⋅ 1 Baths ⋅ Heckscher Second Add SubDv. ⋅ 33853 Zip Code

14 W Johnson Avenue, Lake Wales