Lake Wales, FL 33853,230 E PARK AVE
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Lake Wales, FL 33853,230 E PARK AVE
Lake Wales, FL 33853,230 E PARK AVE
Lake Wales, FL 33853,230 E PARK AVE
Lake Wales, FL 33853,230 E PARK AVE

$1,065,000

Est. payment /mo

$1,200,000

11.3%
Est.Price: ?

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230 E PARK AVE Lake Wales, FL 33853

8,070 SqFt

SOLD DATE : 06/07/2023

Key Details

Sold Price $1,065,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 8,070 sqft

Price per Sqft $131

Subdivision Lake Wales

MLS Listing ID P4924387

Sold Date 06/07/23

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1924

Annual Tax Amount $7,017

Lot Size 5,227 Sqft

Acres 0.12

Property Description

This is your chance to own a piece of Lake Wales history, the Rhodesbilt Arcade Building. Rhodesbilt Arcade was built by Jesse T. “Good” Rhodes between 1924 and 1926. It is said that Mr. Rhodes was nicknamed “Good” because of the craftsmanship demonstrated in his work. As with many arcades erected during the time period, Rhodesbilt was influenced by Mediterranean architecture as seen in the decorative tile, curved parapet, and arched entrances. Today this landmark is a mix of retail and office space offering nine downstairs and 11 upstairs units. While some of the downstairs units offer private bathrooms, the upstairs provides a common room accessible only to tenants via a digital combination lock. This area offers a small break room-type space, as well as a bit of storage area, and restrooms. There is a total of 8,070 leasable square feet, both upstairs and downstairs. While efforts have been made to maintain the historic aspects of the building, it has seen recent upgrades including new electric, plumbing, high speed internet, HVAC, and the entire building is protected by a sprinkler system. As a member of the National Register of Historic Places this building has been very well preserved and maintained. The Rhodesbilt Arcade is the focal point of blossoming Downtown Lake Wales!

Location

State FL

County Polk

Community Lake Wales

Zoning C-1

Interior

Heating Electric

Cooling Central Air

Exterior

Garage Common, Curb Parking

Utilities Available Public, Water Connected

Waterfront false

Roof Type Built-Up

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Construction Status Financing,Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by CENTURY 21 AT YOUR SERVICE
Bought with KELLER WILLIAMS REALTY SMART 1

Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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