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230 E PARK AVENUE

Commercial Recently Sold
$1,065,000

BTC: 17.01146972

ETH: 351.00208624

Sold on: 2023-06-07
50 days
0 room(s)
8,070 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This is your chance to own a piece of Lake Wales history, the Rhodesbilt Arcade Building. Rhodesbilt Arcade was built by Jesse T. “Good” Rhodes between 1924 and 1926. It is said that Mr. Rhodes was nicknamed “Good” because of the craftsmanship demonstrated in his work. As with many arcades erected during the time period, Rhodesbilt was influenced by Mediterranean architecture as seen in the decorative tile, curved parapet, and arched entrances. Today this landmark is a mix of retail and office space offering nine downstairs and 11 upstairs units. While some of the downstairs units offer private bathrooms, the upstairs provides a common room accessible only to tenants via a digital combination lock. This area offers a small break room-type space, as well as a bit of storage area, and restrooms. There is a total of 8,070 leasable square feet, both upstairs and downstairs. While efforts have been made to maintain the historic aspects of the building, it has seen recent upgrades including new electric, plumbing, high speed internet, HVAC, and the entire building is protected by a sprinkler system. As a member of the National Register of Historic Places this building has been very well preserved and maintained. The Rhodesbilt Arcade is the focal point of blossoming Downtown Lake Wales!

Location

Facts and features

Type:
Commercial Sale
Parking:
Common / Curb Parking
Year Built:
1924
Lot:
0.12 Acres
Heating:
Electric
Price/sqft:
$149
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Electric

    Cooling

    • Central Air

  • Parking

    • Common

    • Curb Parking

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 273001883000028050

    • Zoning: C-1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Utility

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $7,017

  • Source details

    • MLS ID: P4924387

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Direction Faces: North

    • Living Area: 8070

    • Water Source: Public

    • Subdivision Name: LAKE WALES

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