244 E PARK AVENUE Lake Wales, FL $ 1,650,000
244 E PARK AVENUE
$ 1,650,000
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244 E PARK AVENUE

Lake Wales, FL, 33853
$ 1,650,000
Bedrooms-- Baths-- Sq 8,480

Monthly Estimate*

$ 10,294

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Commercial Property for sale in Lake Wales, FL

for $1,650,000. This 8,480 square foot building was built in 1915 on a lot size of 0.12.

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

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Commercial Active

Price

$ 1,650,000

Property Type

Commercial

Taxes

$ 8,696

Style

Multi Family

Lot Size

0.12

Year Built

1915

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

K4903016

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Public Water Connected
Possession Close Of Escrow
Roof Built-Up
Appliances Dishwasher Dryer Microwave Refrigerator Washer
Zoning C-1
Security Features Fire Sprinkler System Smoke Detector(s)
Construction Materials Brick
Year Built 1915
Property Subtype Multi Family
Tax Year 2025
Ownership Other
Accessibility Accessible Bedroom Accessible Common Area Accessible Hallway(s)
County Polk
New Construction false
Property Type Commercial Sale
Subdivision Name LAKE WALES
Status Active
Directions From Hwy 27 turn east onto Central Ave turn left onto Scenic Hwy turn left onto Park Ave building is on the left.
City LAKE WALES
Number Of Units Total 6
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 5401
Listing Terms Cash Conventional
Tax Annual Amount 8696.7
Property Condition Completed
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/K4903016
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 2
Legal Description LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 28 LOTS 2 & 3
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Curb and Gutters Historic District City Lot Sidewalk Street Lights
Water Source Public
Lot Size Area 5401
Foundation Details Slab
Number of Buildings 1
Building Area Total 8480
Lot Size Acres 0.12
Road Surface Type Paved Asphalt
Waterfront Y/N false
Road Frontage Type Street Lights Street Paved Business District City Street
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* Excluded Features
List By
Legacy Real Estate Center Inc

Broker

dolores@legacyrealestatecenter.com

Email

Affordability Calculator

$11,019
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,294
Monthly Property Taxes
$725
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$1,650,000 Listed Price

Map


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244 E PARK AVENUE, Lake Wales, FL, 33853 is a Commercial Property for sale at $1,650,000 with 8,480 sqft and a lot size of 0.12. 244 E PARK AVENUE was built in 1915. The property's zip code is 33853 which is in Lake Wales, FL