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318 S 1st St, Lake Wales, FL, 33853

1beds
1baths
1,336sqft
$299,900
$224price/sqft
$2,226/moest. monthly cost
$89,040/yrincome needed

About This Home

GREAT LOCATION! NEW ROOF 2025! SELLER FINANCING 20% DOWN! OFFICE/RESIDENTIAL OPTION! The property is zoned commercial and offers the option to convert the rear portion into a 1-bedroom residential unit (featuring a separate electric meter) ideal for mixed-use commercial and residential flexibility. Exceptional Commercial Property, OFFICE WITH PRIVATE PARKING in the Heart of Downtown Lake Wales! This beautifully maintained 1,336 Sq Ft office building offers the perfect blend of charm, functionality, and unbeatable location. Nestled near shops, restaurants, and major highways, this versatile property is ideal for a boutique, childcare center, wellness spa, medical services, or professional office. With a welcoming reception area, spacious kitchen, bathroom with shower, high-speed fiber optic internet, and ADA-compliant features including a handicap ramp and railings, it's designed for success. The property includes private parking for up to 5 vehicles, excellent street visibility, and convenient access with a turn lane. Set on a 6,251 Sq Ft lot, this move-in-ready gem is your chance to secure a prime location for your business or investment portfolio in a thriving downtown area. Seller financing and private financing available. Seller financing available with 20% down payment, 10% interest, 10 year term, no prepayment penalty. Don't wait-schedule your private tour today and bring your vision to life! Seller financing available.

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Construction

Condition

  • Year built: 1938

Materials

  • Roof: Asphalt
  • Construction materials: Masonry - Concrete Block,Stucco Siding,Vinyl Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Crawl,No Access

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood,Tile
  • Finished area above ground: 1,336

Heating & Cooling

  • Heating features: Electric,Other
  • Cooling features: Central

Interior Area

  • Total structure area: 1,336
  • Total interior livable area: 1,336 sqft

Kitchen

  • Features: Open,Other Counters

Property

Details

  • Parcel number: 273002903500007102
  • Lease amount: 0

Features

  • Stories: 1
  • Has view: Yes
  • View description: Street

Lot

  • Lot size: 1,336 sqft