Commercial Sale · Restaurant
114 W CENTRAL AVENUE, LAKE WALES, FL, 33853
Active333 days on marketListed Sep 9, 2025MLS #P4936164
About this property
The property at a glance
EXCEPTIONAL OPPORTUNITY AWAITS to own this fully furnished and equipped restaurant located on a major thoroughfare into downtown Lake Wales, Florida. Business and building are included in the list price. The inviting dining area is spacious and furnished with attractive booth seating. All equipment conveys with the sale of the building consisting of commercial walk-in coolers, gas range, exhaust fan, fryers, stainless work stations, sinks, shelving and more! A privacy fenced back patio houses a storage building and provides a relaxing area for employees when on break. This known property has had a strong community presence with its beloved demographics for over 70 years. Don’t overlook this tremendous opportunity to tap into the growing demand for eateries in this high traffic area of the downtown district. Let’s Cook Up a Deal...Call today!
1,674
Building sq ft
$329
Price / sq ft
0.23
Lot acres
1953
Year built
2
Buildings
C-2
Zoning
Restaurant
Property type
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)
Estimated payment
$2,870/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
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.
$282,700
207 E PARK AVENUE
2,340 sqft · $121/sqft · Sold Aug 23, 2024
$483,700
1303 STATE ROAD 60 E
2,917 sqft · $166/sqft · Sold Dec 12, 2024
$900,000
19501 US HWY 27
3,649 sqft · $247/sqft · Sold Feb 11, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 114 W CENTRAL AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 114 W CENTRAL AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of COLDWELL BANKER REALTY · Erin Floyd. MLS #P4936164.
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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