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114 W CENTRAL AVENUE

Commercial For Sale
$550,000

BTC: 8.46153846

ETH: 305.55555556

-$50K (2026/02/04)
265 days
0 room(s)
1,674 sqft

Overview

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!

Location

Details

Type:
Commercial Sale
Parking:
13 to 18 Spaces
Year Built:
1953
Lot:
0.23 Acres
Heating:
Central / Natural Gas
Price/sqft:
$329
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$302,450
$174K – $462K
Confidence Low
List vs. estimate
$247K above estimate
List $550,000 · +81.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$328
+118.6% vs. city median $150
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,843
2024
All facts and features
  • Flooring

    • Ceramic Tile

    • Concrete

    Heating

    • Central

    • Natural Gas

    Cooling

    • Central Air

    Appliances

    • Refrigerator

  • Parking

    • 13 to 18 Spaces

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 273002908000008070

    • Zoning: C-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Restaurant

  • Utility

    • BB/HS Internet Capable

    • Electricity Available

    • Natural Gas Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,843

  • Source details

    • MLS ID: P4936164

    Other facts

    • Construction Materials: Block / Vinyl Siding / Wood Frame

    • Foundation Details: Slab

    • Lot Features: Central Business District / City Lot / Near Public Transit / Sidewalk / Street Lights

    • Window Features: Display Window(s)

    • Living Area: 1674

    • Water Source: Public

    • Lot Size Dimensions: 100 x 98

    • Subdivision Name: CARY WALTERS SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY