$1,065,000
$1,200,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
230 E PARK AVE Lake Wales, FL 33853
8,070 SqFt
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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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS REALTY SMART 1