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$1,650,000

244 E Park Avenue Lake Wales, FL 33853 Commercial - Multiple Active

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Description

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 Highlights

Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.12 Acres
Roof Type: Built-Up
Taxes: $8,696
Year Built: 1915

General Information

County: Polk
Subdivision: LAKE WALES
Listed By:
Dolores Vogel LEGACY REAL ESTATE CENTER INC 863-676-0200

Property Features

Accessibility Features: Accessible Bedroom, Accessible Common Area, Accessible Hallway(s)
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Days on Site: 241
Directions: From Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, building is on the left.
Exterior: Brick
Flood Zone Code: X
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Curb and Gutters, Historic District, City Limits, Sidewalk, Street Lights, Paved
Lot Dimensions: 0.12
Ownership: Other
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
Security: Fire Sprinkler System, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Units: 6
Utilities: Public, Water Connected
Water: Public
Water Access Y/N: No
Zoning: C-1
$1,650,000
Active
BEDS0 BATHS SQUARE FEET8,480 MLS#K4903016
STATUSActive PROPERTY TYPECommercial - Multiple SUBDIVISIONLAKE WALES

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244 E Park Avenue, Lake Wales, FL 33853.

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