# 1 W CENTRAL Avenue, Lake Wales, FL 33853 > **TL;DR:** commercial, $475,000 ($115/sqft), built 1935, 4,135 sqft. > A/C. Est. $2,541/mo. Listed 106 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $475,000 | | Price/sqft | $115 | | Square Feet | 4,135 | | Year Built | 1935 | | Lot Size | 9,583 sqft (0.22 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 106 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,402 | | Estimated Insurance | $139 | | **Total** | **$2,541** | ## Key Amenities - A/C ## Property Highlights - Built in 1935 - 0.22 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 1 W CENTRAL Avenue, Lake Wales, FL 33853 - **County:** Polk - **Neighborhood:** HECKSCHER SECOND ADD - **Coordinates:** 27.901042, -81.589719 - **Google Maps:** https://www.google.com/maps?q=27.901042,-81.589719 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/stellar/K4903636 ## Listing Agent - **Name:** Dolores Vogel - **Brokerage:** Legacy Real Estate Center, Inc - **Broker Phone:** (863) 676-0200 ## Photos ![1 W CENTRAL Avenue - Photo 1](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f4209743462r.jpg) ![1 W CENTRAL Avenue - Photo 2](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1187008234r.jpg) ![1 W CENTRAL Avenue - Photo 3](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f524934792r.jpg) ![1 W CENTRAL Avenue - Photo 4](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f337136656r.jpg) ![1 W CENTRAL Avenue - Photo 5](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3564508344r.jpg) ![1 W CENTRAL Avenue - Photo 6](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f4026372r.jpg) ![1 W CENTRAL Avenue - Photo 7](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2204986560r.jpg) ![1 W CENTRAL Avenue - Photo 8](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3309699672r.jpg) ![1 W CENTRAL Avenue - Photo 9](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1245498540r.jpg) ![1 W CENTRAL Avenue - Photo 10](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1912628715r.jpg) ![1 W CENTRAL Avenue - Photo 11](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2221683393r.jpg) ![1 W CENTRAL Avenue - Photo 12](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f4288345573r.jpg) ![1 W CENTRAL Avenue - Photo 13](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2321229326r.jpg) ![1 W CENTRAL Avenue - Photo 14](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f4277552835r.jpg) ![1 W CENTRAL Avenue - Photo 15](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1922224049r.jpg) ![1 W CENTRAL Avenue - Photo 16](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f277894256r.jpg) ![1 W CENTRAL Avenue - Photo 17](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2118312511r.jpg) ![1 W CENTRAL Avenue - Photo 18](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2868855376r.jpg) ![1 W CENTRAL Avenue - Photo 19](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f265541630r.jpg) ![1 W CENTRAL Avenue - Photo 20](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1431341121r.jpg) ![1 W CENTRAL Avenue - Photo 21](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3395636572r.jpg) ![1 W CENTRAL Avenue - Photo 22](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f187337666r.jpg) ![1 W CENTRAL Avenue - Photo 23](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3650310703r.jpg) ![1 W CENTRAL Avenue - Photo 24](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2243414020r.jpg) ![1 W CENTRAL Avenue - Photo 25](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1041569479r.jpg) ![1 W CENTRAL Avenue - Photo 26](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f640481077r.jpg) ![1 W CENTRAL Avenue - Photo 27](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f197913384r.jpg) ![1 W CENTRAL Avenue - Photo 28](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1660522199r.jpg) ![1 W CENTRAL Avenue - Photo 29](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1745715308r.jpg) ![1 W CENTRAL Avenue - Photo 30](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2446701201r.jpg) ![1 W CENTRAL Avenue - Photo 31](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f467295273r.jpg) ![1 W CENTRAL Avenue - Photo 32](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1690855370r.jpg) ![1 W CENTRAL Avenue - Photo 33](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f761702507r.jpg) ![1 W CENTRAL Avenue - Photo 34](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3157173984r.jpg) ![1 W CENTRAL Avenue - Photo 35](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3162175842r.jpg) ![1 W CENTRAL Avenue - Photo 36](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1547989028r.jpg) ![1 W CENTRAL Avenue - Photo 37](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f800709188r.jpg) ![1 W CENTRAL Avenue - Photo 38](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f725283612r.jpg) ![1 W CENTRAL Avenue - Photo 39](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3873879608r.jpg) ![1 W CENTRAL Avenue - Photo 40](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f231784580r.jpg) ![1 W CENTRAL Avenue - Photo 41](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1143255233r.jpg) ![1 W CENTRAL Avenue - Photo 42](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f814503651r.jpg) ![1 W CENTRAL Avenue - Photo 43](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f483568653r.jpg) ![1 W CENTRAL Avenue - Photo 44](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f895026029r.jpg) ![1 W CENTRAL Avenue - Photo 45](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1088141146r.jpg) ![1 W CENTRAL Avenue - Photo 46](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f657420326r.jpg) ![1 W CENTRAL Avenue - Photo 47](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2661660727r.jpg) ![1 W CENTRAL Avenue - Photo 48](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f3899502317r.jpg) ![1 W CENTRAL Avenue - Photo 49](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f1984784885r.jpg) ![1 W CENTRAL Avenue - Photo 50](http://lh.rdcpix.com/f6d64decd1fa5bae9a5db99ca4144821l-f2395537114r.jpg) --- **MLS#:** K4903636 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1-w-central-avenue-lake-wales-fl-33853-930c593082fb4eef81ef658b6977d5cb) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1-w-central-avenue-lake-wales-fl-33853-930c593082fb4eef81ef658b6977d5cb#listing", "url": "https://staging.propertysimple.ai/listing/1-w-central-avenue-lake-wales-fl-33853-930c593082fb4eef81ef658b6977d5cb", "name": "1 W CENTRAL Avenue, Lake Wales, FL 33853", "description": "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. 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