Restaurant at 114 W CENTRAL AVE, LAKE WALES
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34 photos

$550,000

114 W CENTRAL AVE
LAKE WALES, FL 33853
Listed by Erin Floyd · COLDWELL BANKER REALTY
Bedrooms
N/A
Bathrooms
N/A
Living area
1,674 sqft
Year built
1953

About this home

EXCEPTIONAL OPPORTUNITY AWAITS to own this fully furnished and equipped restaurant located on a major thoroughfare into downtown Lake Wales, Florida. Business and building are included in the list price. The inviting dining area is spacious and furnished with attractive booth seating. All equipment conveys with the sale of the building consisting of commercial walk-in coolers, gas range, exhaust fan, fryers, stainless work stations, sinks, shelving and more! A privacy fenced back patio houses a storage building and provides a relaxing area for employees when on break. This known property has had a strong community presence with its beloved demographics for over 70 years. Don’t overlook this tremendous opportunity to tap into the growing demand for eateries in this high traffic area of the downtown district. Let’s Cook Up a Deal...Call today!

Property details

MLS #
MFRP4936164
Property type
Restaurant
Subdivision
CARY WALTERS SUB
Status
Active
Days on market
148
On market date
September 9, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.23 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
POLK AVENUE ELEMENTARY SCHOOL
0.45 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
544
Student:teacher ratio
16.5:1
District
POLK
MiddleCharter
EDWARD W BOK ACADEMY NORTH
0.5 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
554
Student:teacher ratio
17.9:1
District
POLK
High
ROOSEVELT ACADEMY
0.7 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
274
Student:teacher ratio
9.4:1
District
POLK

Walkability

Blended score for LAKE WALES's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

61
Walkable
out of 100
EPA National Walkability Index
9.0 / 20 -- Below average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores3
Parks9
Schools13
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in LAKE WALES, from live MLS data.

On the market 148 days -- 16 fewer days than LAKE WALES's current average of 164 days.
For reference, the median list price across 784 active listings in LAKE WALES right now is $172,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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%
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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,462/mo
$110,000 down
$440,000 loan
Principal & interest$2,854
Property tax (est.)$458
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 4, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.