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$550,000 -$50,000 (-8.33%) Price Reduced

  • For Sale
  • Active
  • Commercial
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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!

Full Property Details for 114 W Central Ave

General

  • Price: $550,000
  • Taxes: $2,843 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: P4936164
  • Updated: 2/4/2026
  • Added to Site: 150 day(s) ago

Rental Information

  • Complex Features: Bathrooms, Common Lighting, Kitchen Facility, Seating

Interior

  • Appliances: Refrigerator
  • Flooring: Ceramic Tile, Concrete

Parking

  • Parking Features: 13 to 18 Spaces

Location

  • Area: 33853 - Lake Wales South
  • County: Polk
  • Development Name: 33853 - Lake Wales South
  • Subdivision: CARY WALTERS SUB
  • Driving 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.

Community

  • Community Name: 33853 - Lake Wales South

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Capable, Electricity Available, Natural Gas Available, Public, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Block, Vinyl Siding, Wood Frame
  • Roof: Membrane, Other
  • Ceiling Height: 8 to 9 Feet
  • Windows: Display Window(s)
  • Square Feet: 1,674
  • Sq. Ft. Source: Public Records
  • Year Built: 1953

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 9,862
  • Lot Size: 9862
  • Lot Dimensions: 100 x 98
  • Frontage: Street Lights, Business District, City Street, Main Throrughfare
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $2,843.18
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Sole Proprietor
  • Special Conditions: None
  • Legal Description: CARY WALTERS SUB PB 7 PG 5 BLK 8 LOTS 7 THRU 10
  • Flood Zone Info: x
  • APN: 273002908000008070
  • Property ID: 273002908000008070
  • Block/Lot/Section: 8
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 114 W Central Ave —

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Schools serving 114 W Central Ave

School District:Polk County School District
NameGradesDistance
Ben Hill Griffin Jr Elementary School
501 McLeod Road, Frostproof, FL 33843
PK-510 mi
Mclaughlin Middle School And Fine Arts Academy
800 South 4th Street, Lake Wales, FL 33853
6-81 mi
Bartow Senior High School
1270 South Broadway Avenue, Bartow, FL 33830
9-1215.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 114 W Central Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Price Reduced
$550,000
-8.33%
MLS
9/09/2025
Listed
$600,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 114 W Central Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,308
16%
$183,151
28%
2024
$2,843
-4%
$143,090
-3%
2023
$2,968
16%
$147,692
11%
2022
$2,554
5%
$133,447
14%
2021
$2,422
—
$117,527
-10%
2021
$2,422
4%
$130,442
17%
2017
$2,328
—
$111,878
4%
2017
$2,328
4%
$107,867
7%
2016
$2,244
15%
$100,938
12%
2015
$1,957
-25%
$90,399
-26%
2019
$2,599
10%
$122,151
17%
2014
$2,373
-15%
$104,049
-13%
2013
$2,792
—
$119,399
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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114 W Central Avenue, Lake Wales, FL 33853 (MLS# P4936164) is a Commercial property. 114 W Central Avenue is currently listed for $550,000 and was received on September 09, 2025. This property is listed by Erin Floyd Team from our Winter Haven / Lake Wales Office.Want to learn more about 114 W Central Avenue? Do you have questions about finding other Commercial real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.

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