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$1,650,000

244 E PARK AVENUE, LAKE WALES, FL 33853

3D Tour
Active438 days on market

Beds

—

Baths

0

Sq Ft

8,480 sq ft

Year Built

1915

Lot Size

0.12 acres

Garage

—

About This Property

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

Property Overview

Property TypeCommercial Sale
Sub TypeMulti Family (5+)
MLS #K4903016
StatusActive
Year Built1915
ConstructionBrick
RoofBuilt-Up
FoundationSlab
SubdivisionLAKE WALES
CountyPolk
OwnershipOther

Interior Features

FlooringTile
AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
CoolingCentral Air
HeatingCentral
SecurityFire Sprinkler System, Smoke Detector(s)

Exterior & Lot

Lot Size0.12 acres (5,401 sq ft)
Lot FeaturesCurb and Gutters, Historic District, City Lot, Sidewalk, Street Lights
Road SurfacePaved, Asphalt
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesPublic, Water Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$1,650,000
Annual Taxes$8,697 (2025)
FinancingCash
ZoningC-1
Parcel #273001883000028020

Directions

From Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, building is on the left.

Location

244 E PARK AVENUE, LAKE WALES, FL 33853

Listing Information

OfficeLEGACY REAL ESTATE CENTER INC
ListedJuly 18, 2025

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Home Price

$1,650,000

20% ($330,000)
6.75%

Loan Term

Principal & Interest$8,561
Property Tax (est.)$1,513
Insurance (est.)$150
Total Monthly$10,224
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: September 29, 2026.

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