2,504 SqFt
2,504 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,504 sqft
Price per Sqft $115
Subdivision Lake Wales Land Co Sub
MLS Listing ID O6381518
HOA Y/N No
Year Built 1973
Annual Tax Amount $1,652
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
The upper level features two (2) 1-bedroom / 1-bathroom apartments, offering future residential income once renovated. The ground floor previously operated as a restaurant, providing an open layout ideal for retail, café, professional office, creative space, or food & beverage re-establishment (buyer to verify permitted uses and zoning).
The property has been gutted and is renovation-ready, allowing investors to fully customize the layout and finishes. Existing slab foundation, concrete block construction, and visible plumbing/electrical infrastructure create a solid framework for repositioning.
Strategically located along a walkable downtown streetscape with sidewalks, decorative lighting, and surrounding commercial activity, enhancing visibility and long-term tenant demand.
Major Incentive Advantage: Property is located within the eligible area for the Lake Wales CRA Business Incentive Program, offering potential grants and redevelopment incentives to qualified buyers (buyer to verify eligibility, requirements, and funding availability with the CRA).
Bonus Opportunity: Seller also owns the adjacent side lot, available for purchase separately, ideal for expansion, parking, patio/outdoor seating, or future development.
Ideal for investors, developers, or owner-users seeking a repositioning project with residential income above and commercial potential below in a revitalizing downtown market.
Sold AS-IS. Cash or renovation financing preferred.
Location
State FL
County Polk
Community Lake Wales Land Co Sub
Area 33853 - Lake Wales South
Zoning C-2
Interior
Cooling Other
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Others
Ownership Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6381518
Nearby Locations
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