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244 Park Avenue, FL
Stellar MLS

$1.65M

244 Park Avenue

Lake Wales, FL 33853

Listing updated: March 30, 2026 at 12:35 PM ET

Active
Stellar MLSListing courtesy of Legacy Real Estate Center Inc · Dolores Vogel · MLS #K4903016 · Active · 863-676-0200
8,480
Building SF
0.12
Acres
6
Units
1915
Built
$194.58
Per SF
Multi-Family 5+8.43% cap rate$194.58/SF360° tour
Multi-Family 5+

Property type

1915

Year built

8,480 SF

Building size

5,401 sqft

Lot size

$194.58

Price / SF

6

Units

C-1

Zoning

255

Days on market

Investment & cash flow

8.43%
Cap rate
$139K
NOI / yr
$194.58
Price / SF

Figures provided by the listing broker — verify independently.

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!

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
255
Subdivision
Lake Wales
County
Polk
Year built
1915
Building area
8,480 sq ft
Price/sq ft
$194.58
Lot size
5,401 sq ft
Units
6
Buildings
1
Road frontage
Business District, City Street
Annual taxes
$9K (2025)
Parcel #
27-30-01-883000-028020
Zoning
C-1
MLS #
K4903016

Utilities

Utilities
Public, Water Connected
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2025-07-16
On market date
2025-07-18
MLS area
33853 - Lake Wales South
Status changed
2025-07-18
Tax legal description
LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 28 LOTS 2 & 3

Location

Directions

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

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of March 30, 2026 at 12:35 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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