Commercial property in Lake Wales, Florida 232.63 sq.m. № 2118757

Property 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.