$550,000
114 Central Avenue
Lake Wales, FL 33853
Listing updated: February 4, 2026 at 1:03 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history148 days on market
- Status: ActiveSep 9, 2025
- Listed$600,000Sep 9, 2025
- Price reduced$550,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Restaurant
- Status
- Active
- Days on market
- 148
- Subdivision
- Cary Walters Sub
- County
- Polk
- Year built
- 1953
- Living area
- 1,674 sq ft
- Price/sq ft
- $329
- Lot size
- 9,862 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- x
- Annual taxes
- $2,843 (2024)
- Parcel #
- 27-30-02-908000-008070
- Zoning
- C-2
- MLS #
- P4936164
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Interior Details
- Flooring
- Ceramic Tile, Concrete
- Appliances
- Refrigerator
Heating & Cooling
- Heating
- Central, Natural Gas
- Cooling
- Central Air
Parking
- Parking features
- Parking Spaces - 13 to 18
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Sole Proprietor
Exterior & Construction
- Construction materials
- Block, Vinyl Siding, Frame
- Roof
- Membrane, Other
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Capable, Electricity Available, Natural Gas Available, Public, Water Connected
Listing Details
- Listing date
- 2025-09-09
- On market date
- 2025-09-09
- Original list price
- $600,000
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- East Polk
- Status changed
- 2025-09-09
- Tax legal description
- CARY WALTERS SUB PB 7 PG 5 BLK 8 LOTS 7 THRU 10
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From US Hwy. 27 turn EAST on W Central Ave. that leads into downtown Lake Wales. The property is on the LEFT, corner of Phillips St. and Central Ave. W.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of February 4, 2026 at 1:03 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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