USAFLLake WalesLake Wales Land Co Sub215 Lincoln Ave
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$290,000

For Sale

4 days ago

215 Lincoln Ave, Lake Wales, FL

MLS® O6381518

0 Bed

0 Bath

2504 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 2504 sqft
Garage No
HOA Fees 
Taxes $1,652
Days Active 4
Approx. Age 1973
Avg. Price Per Sqft $115
MLS® Number O6381518

Property Address: 215 Lincoln Ave, Lake Wales, FL, 33853-3599

Average square foot calculated using Size range provided by listing agent.

Description

Prime mixed-use value-add opportunity in the heart of downtown Lake Wales at 215 Lincoln Ave. This two-story concrete block building presents a rare redevelopment play in a designated growth corridor with strong upside potential. The upper level features two (2) 1-bedroom / 1-bathroom apartments, offering future residential income once renovated. The ground floor previously operated as a restaurant, providing an open layout ideal for retail, café, professional office, creative space, or food & beverage re-establishment (buyer to verify permitted uses and zoning). The property has been gutted and is renovation-ready, allowing investors to fully customize the layout and finishes. Existing slab foundation, concrete block construction, and visible plumbing/electrical infrastructure create a solid framework for repositioning. Strategically located along a walkable downtown streetscape with sidewalks, decorative lighting, and surrounding commercial activity, enhancing visibility and long-term tenant demand. Major Incentive Advantage: Property is located within the eligible area for the Lake Wales CRA Business Incentive Program, offering potential grants and redevelopment incentives to qualified buyers (buyer to verify eligibility, requirements, and funding availability with the CRA). Bonus Opportunity: Seller also owns the adjacent side lot, available for purchase separately, ideal for expansion, parking, patio/outdoor seating, or future development. Ideal for investors, developers, or owner-users seeking a repositioning project with residential income above and commercial potential below in a revitalizing downtown market. Sold AS-IS. Cash or renovation financing preferred.
MLS® NumberO6381518
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1973
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$290,000List Price
  • Commute

Commute

Starting Address
Destination Address
215 Lincoln Ave, Lake Wales, FL

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