www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31241703
31241702

244 E PARK Avenue, Lake Wales, FL 33853 For Sale

DV
FL FL BK621090
Legacy Real Estate Center Inc
Listed by Legacy Real Estate Center Inc
$1,650,000
117 days on market
Updated 17 days ago
Opportunity zone

244 E Park Avenue

Details
APN 27-30-01-883000-028020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,480
Units 6
Price per SqFt $195
Year Built 1915
Acreage 0.120
Zoning C-1

Multifamily | 6 Units

Marketing 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!

Investment highlights

  • Virtual Tour: https://www.propertypanorama.com/instaview/stellar/K4903012

Listing Contacts

DV
FL FL BK621090
Legacy Real Estate Center Inc
Listed by Legacy Real Estate Center Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Dolores Vogel
License
FL BK621090
Brokerage
Legacy Real Estate Center Inc
Brokerage Phone
8636760200
Title
Broker
Brokerage Address
218 East Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591