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$274,900

318 1st Street

Lake Wales, FL 33853

Listing updated: July 16, 2026 at 9:41 PM ET

Active

Listing courtesy of Hut Realty, Llc · Daniel Hut · MLS #P4936526 · Active · 407-559-2929

Baths

1,336

Sq Ft

0.14

Acres

1938

Built

◆$206/sqft

Office

Property type

1938

Year built

6,251 sqft

Lot size

$206

Price / sq ft

No HOA

HOA dues

288

Days on market

Flood zone

About this home

Exceptional Commercial Property! NEW ROOF 2025! SELLER FINANCING 20% DOWN! OFFICE WITH PRIVATE PARKING in the Heart of Downtown Lake Wales! This beautifully maintained 1,336 Sq Ft office building offers the perfect blend of charm, functionality, and unbeatable location. Nestled near shops, restaurants, and major highways, this versatile property is ideal for a boutique, childcare center, wellness spa, medical services, or professional office. With a welcoming reception area, spacious kitchen, bathroom with shower, high-speed fiber optic internet, and ADA-compliant features including a handicap ramp and railings, it’s designed for success. The property includes private parking for up to 5 vehicles, excellent street visibility, and convenient access with a turn lane. Set on a 6,251 Sq Ft lot, this move-in-ready gem is your chance to secure a prime location for your business or investment portfolio in a thriving downtown area. Seller financing and private financing available. Seller financing available with 20% down payment, 10% interest, 10 year term, no prepayment penalty. Don’t wait—schedule your private tour today and bring your vision to life! Seller financing available.

Estimated monthly payment

Principal & interest$1,390

Property taxes$218

Home insurance (est.)$126

Down payment

20%

$54,980 downRate

6.5%

Term

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 history288 days on market

Status: Active
Oct 1, 2025
Listed$390,000
Oct 1, 2025
Price reduced$274,900

Facts & features

Property type: Commercial Sale
Sub type: Office
Status: Active
Days on market: 288
Subdivision: Twin Lake Park Sub
County: Polk
Year built: 1938
Living area: 1,336 sq ft
Price/sq ft: $206
Lot size: 6,251 sq ft
Lot category: 0 to less than 1/4
Flood zone: X
Annual taxes: $2,617 (2024)
Parcel #: 27-30-02-903500-007102
Zoning: C-2
MLS #: P4936526

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Interior Details

Flooring: Carpet, Laminate, Other, Tile
Direction faces: East

Heating & Cooling

Heating: Central, Electric, Other
Cooling: Central Air, Other

Parking

Parking features: Parking Spaces - 1 to 5, Ground Level, Other

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Listing terms: Cash, Commercial Financing, Lease Option, Other, Owner Financing, Private Financing Available
Ownership: Sole Proprietor

Exterior & Construction

Construction materials: Concrete, Stucco, Vinyl Siding, Frame
Roof: Other, Shingle
Foundation: Crawlspace
Road surface: Asphalt, Other, Paved

Utilities

Sewer: Public Sewer, Other
Water source: Public, See Remarks
Utilities: BB/HS Internet Capable, Electricity Available, Other, Public, Sewer Nearby, Underground Utilities, Water Connected

Listing Details

Listing date: 2025-10-01
On market date: 2025-10-01
Original list price: $390,000
MLS area: 33853 - Lake Wales South
Listing AOR: East Polk
Status changed: 2025-10-01
Tax legal description: TWIN LAKE PARK SUB PB 3 PG 8 BLK 7 LOT 1 N 50 FT OF S 100 FT OF N 200 FT

Flood risk

Minimal riskFEMA Zone X

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 Highway 27, head east on W Polk Ave (Route 60). Turn left onto S 1st Ave, and the property will be on your left.

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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 July 16, 2026 at 9:41 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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