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$200,000
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Property Description
Own a piece of Polk City History - Versatile Commercial Space on a Prime Corner Lot with High Visibility on State Road 33 in Polk City, FL. Establish your business at this landmark location in the heart of Polk City. This commercial property boasts 200 feet of highway frontage on a prominent corner lot, ensuring maximum brand exposure and high traffic counts. Features a durable metal roof (installed in 2014) and a consistent termite bond. Fully equipped with Central A/C for year around climate control. Recently used as a successful antique store, the interior offers spacious rooms and a full kitchen, adaptable for retail, office space or a boutique cafe. As the only historical building in the immediate area, this property offers a unique destination feel that modern builds can't replicate.
Full Property Details
Full Property Details for 506 Commonwealth Ave SW
General
- Sold For: $200,000
- Taxes: $2,860 (2025)
- Status: Closed
- Type: Retail
- Source: MidFloridaRegionalMLS
- MLS ID: L4960184
- Added to Site: 99 day(s) ago
Rental Information
- Complex Features: Bathrooms, Extra Storage, Fencing
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: 33868 - Polk City
- County: Polk
- Development Name: 33868 - Polk City
- Subdivision: RAILROAD HEIGHTS
- Driving Directions: Interstate 4 (east) to State Road 33. Corner of Oak Ave and Hwy 33.
- Direction Faces: South
Community
- Community Name: 33868 - Polk City
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Vinyl Siding, Wood Frame
- Roof: Metal
- Square Feet: 1,524
- Sq. Ft. Source: Public Records
- Living Area: 1,524 Sq. Ft.
- Year Built: 1940
Additional Structures
- Other Structures: Other, Storage
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 17,093
- Lot Size: 17093
- Frontage: State Road
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $2,860
- Tax Year: 2025
Disclosures and Reports
- Ownership: Sole Proprietor
- Special Conditions: None
- Legal Description: RAILROAD HEIGHTS PB 7 PG 17 BLK 2 LOTS 5 THRU 8 & S1/2 OF ALLEY LYING N OF SAME LESS SOUTH 47 FT
- Flood Zone Info: X
- APN: 252632295500002050
- Property ID: 252632295500002050
- Block/Lot/Section: 2
Listed by Lpt Realty, Llc
Sold by Lpt Realty, Llc
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Schools
Schools serving 506 Commonwealth Ave SW
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Polk City Elementary School 125 South Bougainvillea Avenue, Polk City, FL 33868 | PK-5 | 0.4 mi |
Jere L. Stambaugh Middle School 226 Main Street, Auburndale, FL 33823 | 6-8 | 7.9 mi |
Tenoroc High School 4905 Saddle Creek Road, Lakeland, FL 33801 | 9-12 | 7.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Commonwealth Ave SW
Date
Details
Price
Change
Source
6/11/2026
Sold
$200,000
-13.04%
MLS
3/26/2026
Price Reduced
$230,000
-8%
MLS
3/12/2026
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
506 Commonwealth Avenue SW, Polk City, FL 33868 (MLS# L4960184) is a Retail property that was sold at $200,000 on June 11, 2026. Want to learn more about 506 Commonwealth Avenue SW? Do you have questions about finding other Retail real estate for sale in Polk City? You can browse all Polk City real estate or contact a Coldwell Banker agent to request more information.

