253 Stuart Avenue, FL253 Stuart Avenue, FL253 Stuart Avenue, FL
Stellar MLS
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$52,248

253 Stuart Avenue

Lake Wales, FL 33853

Listing updated: June 30, 2026 at 9:57 AM ET

Active
Stellar MLSListing courtesy of Legacy Real Estate Center Inc · Brian Vogel · MLS #K4903355 · Active · 863-676-0200
0
Baths
3,732
Sq Ft
0.05
Acres
1988
Built
$14/sqft360° tour
Restaurant

Property type

1988

Year built

2,326 sqft

Lot size

$14

Price / sq ft

No HOA

HOA dues

103

Days on market

X

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

Principal & interest$264
Property taxes$470
Home insurance (est.)$24

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

  1. Status: Active
    Mar 19, 2026
  2. Listed$52,248
    Mar 19, 2026
  3. 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 riskFEMA Zone XPanel 12105C0565H

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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