David Ramirez
✦ Restaurant

Business Opportunity · Restaurant

$150,0001,700 sq ft$88 /sq ft0.23 acres

114 W CENTRAL AVENUE, LAKE WALES, FL, 33853

Active132 days on marketListed Apr 3, 2026MLS #O6395432

About this property

The property at a glance

The restaurant sits in the downtown district of Lake Wales This area is part of a historic commercial district with older buildings and local businesses Summary of Strengths High profit potential Low overhead (rent especially) Reasonable size

1,700

Building sq ft

$88

Price / sq ft

0.23

Lot acres

1953

Year built

1

Building

C-2

Zoning

Restaurant

Property type

Building size1,700 sq ft
Lot size0.23 acres
Year built1953
Buildings1
ZoningC-2
Business typeRestaurant
ConstructionStucco
Annual taxes$3,610

The numbers

Investment snapshot

Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.

Estimated payment (illustrative)

Down payment25% · $37,500
Interest rate6.00%
Loan term

Estimated payment

$1,135/mo

Principal & interest$674
Property taxes (actual bill)$301
Est. insurance$160

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

7,900vehicles / day · 2025Sr 60 to N Lake Shore Blvd · Traffic count · Florida DOT
5-min drive10-min drive15-min drive

What’s nearby

Melanie's Seafood CompanyRestaurant0.2 mi
Wells FargoBank0.2 mi
Seminole Hotel ApartmentsLodging0.3 mi
Cultura MotorsportsRetail0.4 mi
L'incontro RestaurantRestaurant0.4 mi
Lake Wales Family RestaurantRestaurant0.4 mi
Mid Florida Credit UnionBank0.4 mi
McDonald'sRestaurant0.4 mi
Beef O'Brady'sRestaurant0.5 mi
Power Motors of FloridaRetail0.5 mi
Crazy Fish Bar & GrillRestaurant0.6 mi
Burger KingRestaurant0.6 mi
Dunkin DonutsRestaurant0.6 mi
PublixGrocery0.6 mi
Pizza HutRestaurant0.6 mi
Dollar treeGrocery0.7 mi
Grove MotelLodging0.7 mi
Save-A-LotGrocery0.8 mi
City Star Family RestaurantRestaurant0.8 mi
KFCRestaurant0.8 mi
Lagoon Inn MotelLodging0.8 mi
Blue Star LodgeLodging0.9 mi
Budget InnLodging0.9 mi

Business data © OpenStreetMap contributors

The area

Who's around this property

12,385

Population

$40,938

Median income

37.3

Median age

2.57

Avg household

$198,100

Median home value

$965/mo

Median rent

1,565

Households w/ kids

Recent sales

What actually sold near 114 W CENTRAL AVENUE

The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.

207 E PARK AVENUE

$282,700

207 E PARK AVENUE

2,340 sqft · $121/sqft · Sold Aug 23, 2024

1303 STATE ROAD 60 E

$483,700

1303 STATE ROAD 60 E

2,917 sqft · $166/sqft · Sold Dec 12, 2024

19501 US HWY 27

$900,000

19501 US HWY 27

3,649 sqft · $247/sqft · Sold Feb 11, 2025

Your team

The pros in your corner

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, offers, and every question about 114 W CENTRAL AVENUE — start here.

CallText
david.ramirez@c21edge.com
Andrew Acosta

Financing contact

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Ask about commercial financing options for 114 W CENTRAL AVENUE.

Get in touchCall
aacosta@prmg.net

See it in person

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Keep looking

Similar properties nearby

128 E ORANGE AVENUE

$185,000

128 E ORANGE AVENUE, LAKE WALES

Retail · 1,440 sqft

Listing courtesy of CENTURY 21 CARIOTI · Ittiwat Suntron. MLS #O6395432.

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