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215 Lincoln Ave
For Sale $290,000 ($115.81 per Sq Ft)
$290,000 ($115.81 per Sq Ft)
- Units
- 2,504 Sq Ft
- 3,581 Sq Ft
- Unknown Cap Rate
Description
Prime mixed-use value-add opportunity in the heart of downtown Lake Wales at 215 Lincoln Ave. This two-story concrete block building presents a rare redevelopment play in a designated growth corridor with strong upside potential.
The upper level features two (2) 1-bedroom / 1-bathroom apartments, offering future residential income once renovated. The ground floor previously operated as a restaurant, providing an open layout ideal for retail, café, professional office, creative space, or food & beverage re-establishment (buyer to verify permitted uses and zoning).
The property has been gutted and is renovation-ready, allowing investors to fully customize the layout and finishes. Existing slab foundation, concrete block construction, and visible plumbing/electrical infrastructure create a solid framework for repositioning.
Strategically located along a walkable downtown streetscape with sidewalks, decorative lighting, and surrounding commercial activity, enhancing visibility and long-term tenant demand.
Major Incentive Advantage: Property is located within the eligible area for the Lake Wales CRA Business Incentive Program, offering potential grants and redevelopment incentives to qualified buyers (buyer to verify eligibility, requirements, and funding availability with the CRA).
Bonus Opportunity: Seller also owns the adjacent side lot, available for purchase separately, ideal for expansion, parking, patio/outdoor seating, or future development.
Ideal for investors, developers, or owner-users seeking a repositioning project with residential income above and commercial potential below in a revitalizing downtown market.
Sold AS-IS. Cash or renovation financing preferred.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $290,000 |
| Property Type | Flex Space |
| Usable Sqft | 2,504 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1973 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 272935879000002013 |
| MLS # | O6381518 |
| Property ID | 322621782 |
| Lot Sqft | 3,581 |
| Zoning | C-2 |
| Days on Market | 72 |
| Original List Price | $290,000 |
| Date Updated | February 25, 2026 |
| Date Created | February 22, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Vonteria Williams an agent of . Lic #3624772
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of February 25, 2026 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT