$52,248
253 Stuart Avenue
Lake Wales, FL 33853
Listing updated: June 30, 2026 at 9:57 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Restaurant | Single tenant | 3,732 SqFt Building description For Lease – Turnkey Restaurant Space 253 E. Stuart Ave., Downtown Lake Wales, FL ±3,732 SF | Two Dining Rooms | Full Commercial Kitchen Property Overview Prime downtown restaurant space in the heart of the revitalized Lake Wales business district. Formerly an upscale restaurant, this beautifully designed property offers approximately 3,732 square feet with two spacious dining areas, a full-size commercial kitchen, and excellent visibility along E. Stuart Avenue. Ideal for a fine-dining, casual-upscale, or event-driven concept. Highlights ±3,732 SF of interior space Two separate dining rooms plus bar area Fully equipped commercial kitchen layout with hood and prep areas 2 Bathrooms Small office space Elegant existing build-out suitable for immediate occupancy Downtown Lake Wales location within walking distance to shops, cafés, and parks Excellent frontage and signage visibility Ample nearby public parking Downtown Lake Wales Revitalization The property is located within the Lake Wales Connected redevelopment zone—an ambitious city initiative transforming the downtown corridor with new streetscapes, wider sidewalks, improved lighting, and lush landscaping. Recent upgrades to Park Avenue and Market Plaza have created a vibrant, walkable destination that attracts locals and visitors alike. Adding to the momentum, new residential developments are underway nearby, bringing fresh housing and a growing customer base—perfect for restaurant or hospitality operators looking to capitalize on the district’s resurgence. Ideal For Restaurant or bistro concept Brewpub or wine bar Location Advantages Central downtown location with strong local and tourist traffic Minutes from major thoroughfares (US-27 & SR-60) Surrounded by historic architecture, boutique retail, and civic investments Building highlights Built in 1919–20 and commissioned for $70,000 by pioneer developer Bernice K. Bullard, the Bullard Building established itself at the heart of Lake Wales’ early commercial boom. Once called ‘the architectural gem of Lake Wales,’ the two-story masonry vernacular block at 239-257 E. Stuart Avenue housed a full suite of downtown services—from a drug store and barber shop to the U.S. Post Office and municipal offices above. Today, the building retains its original storefront rhythm, substantial street frontage and historic prestige, providing your new enterprise with both modern amenity and downtown identity.
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 history103 days on market
- Status: ActiveMar 19, 2026
- Listed$52,248Mar 19, 2026
- Price increased$52,248
Facts & features
- Property type
- Commercial Lease
- Sub type
- Restaurant
- Status
- Active
- Days on market
- 103
- Subdivision
- Bullard Bldg Condo
- County
- Polk
- Year built
- 1988
- Living area
- 3,732 sq ft
- Price/sq ft
- $14
- Lot size
- 2,326 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12105C0565H)
- Annual taxes
- $5,636 (2025)
- Parcel #
- 27-30-02-910033-001030
- MLS #
- K4903355
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
Exterior & Construction
- Construction materials
- Concrete
- Foundation
- Slab
- Road surface
- Paved
Listing Details
- Listing date
- 2026-03-19
- On market date
- 2026-03-19
- Original list price
- $52,248
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- Lake Wales
- Status changed
- 2026-03-19
- Tax legal description
- THE BULLARD BUILDING CONDOMINIUM OR 2592 PGS 1028 THRU 1064 & AMENDED IN OR 7765 PGS 1561-1566 UNIT 3 AND AN UNDIVIDED INTEREST IN THE COMMON ELEMENTS AS PER CONDO DECLARATION
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 the intersection of Central and 1st St, go North on 1st St. Turn right on E Stuart Ave. Unit is toward the end of the street on the left.
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