Commercial Lease · Retail
245 E PARK AVENUE, LAKE WALES, FL, 33853
Active412 days on marketListed Jun 17, 2025MLS #K4902970
About this property
The property at a glance
Situated in the downtown business district of Lake Wales, this property will ensure a steady flow of customers by your door. Downtown renovations are complete and promise to transform the Downtown Lake Wales Area into a destination. This revitalization is aimed at promoting new food, shopping and entertainment venues. This unit has a front retail shop and reception area, a conference room, a laundry room, a bathroom and 6 suites. The suites are located in the back half of the space and can be built out to suit other business types. Former spa.
2,340
Building sq ft
$14
Price / sq ft
0.06
Lot acres
1920
Year built
1
Building
C-1
Zoning
Retail
Property type
The numbers
Investment snapshot
Modified Gross
Lease structure
24 Months
Lease term
Estimated payment (illustrative)
Estimated payment
$625/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
604
Population
$69,541
Median income
33
Median age
3
Avg household
$186,592
Median home value
$371/mo
Median rent
74%
Households w/ kids
Consumer profile
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
There's more to student life than academics. It's about the experience - from classes and homecoming, to making lifetime friends and alumni events. These are students at school, taking classes online, or finding other ways to be students in their daily lives.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Recent sales
What actually sold near 245 E PARK AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$24,000
214 DOMARIS AVENUE
2,368 sqft · $10/sqft · Sold Feb 1, 2026
$495,000
603 N SCENIC HIGHWAY
2,989 sqft · $166/sqft · Sold May 27, 2026
$400,000
19254 HWY 27 UNIT S
1,400 sqft · $286/sqft · Sold Dec 16, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 245 E PARK AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 245 E PARK AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of LEGACY REAL ESTATE CENTER INC · Brian Vogel. MLS #K4902970.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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