Commercial Sale · Retail
128 E ORANGE AVENUE, LAKE WALES, FL, 33853
Active31 days on marketListed Jul 6, 2026MLS #O6422562
About this property
The property at a glance
Excellent opportunity to own a versatile commercial property in the heart of Downtown Lake Wales! This approximately 1,440-square-foot building is divided into two separate commercial spaces, each featuring its own private entrance, providing flexibility for an owner-user, multiple businesses, or potential rental income. Located in the downtown business district, the property is positioned in an area experiencing ongoing revitalization and renewed investment. Take advantage of the opportunity to establish your business, expand your investment portfolio, or lease one side while operating your business from the other. With its flexible layout and downtown location, this property offers excellent potential for entrepreneurs and investors looking to be part of the continued growth of Downtown Lake Wales.
1,440
Building sq ft
$128
Price / sq ft
0.06
Lot acres
1954
Year built
1
Building
C-1
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$1,227/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask John to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
604
Population
$69,541
Median income
33
Median age
3
Avg household
$186,592
Median home value
$371/mo
Median rent
74%
Households w/ kids
Consumer profile
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
There's more to student life than academics. It's about the experience - from classes and homecoming, to making lifetime friends and alumni events. These are students at school, taking classes online, or finding other ways to be students in their daily lives.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Recent sales
What actually sold near 128 E ORANGE AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$400,000
19254 HWY 27 UNIT S
1,400 sqft · $286/sqft · Sold Dec 16, 2024
$24,000
214 DOMARIS AVENUE
2,368 sqft · $10/sqft · Sold Feb 1, 2026
$495,000
603 N SCENIC HIGHWAY
2,989 sqft · $166/sqft · Sold May 27, 2026
Your team
The pros in your corner
Your agent
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, offers, and every question about 128 E ORANGE AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 128 E ORANGE AVENUE.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of LA ROSA REALTY PRESTIGE · Carlos Williams. MLS #O6422562.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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