119-121 Allamanda Dr - Office FOR SALE


Lakeland, FL 33803- City of Lakeland
$575,000 USD
863-581-0059
119-121 Allamanda Dr, Lakeland, FL for Sale
$575,000 USD
Office - FOR SALE
1/15
null | 7.5% Cap Rate

119-121 Allamanda Dr
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • One of the best locations in Lakeland, across from Southgate Publix shopping plaza, which is also home to Office Depot, and Ace Hardware.
  • 10 minutes from downtown, 5 minutes from the Polk Parkway, and close to major amenities, including restaurants, retail, and big box.
  • 2,150 SF with two tenants. Zoned C-2, City of Lakeland. C-2 is wide open zoning classification, allowing a wide variety of retail and office uses.
  • Owner collects $44,000 in annual income, and charges back almost all CAM in the amount opf $6,444 per year.
  • City of Lakeland - electric, water and sewer. Property taxes - $3,193
  • Leases available. Clean environmental report available.

OVERVIEW

Located just off of South Florida Ave near Southgate Shopping Center, we are pleased to present this fully leased retail/office building on Allamanda Drive. Comprising 2,150 SF, the property currently collects $44,000 per year in rent PLUS another $6,400 in yearly expenses charged back to the tenants. Each space is approx. 1,075 SF - the current tenants are a mattress retailer and pet groomer. The pet groomer has a front reception area, with a separate grooming area just off of the reception area. The remaining area is a work space, pet holding room, laundry, office and bathroom. The mattress retailer space is open by appointment, with flex offices and a bathroom in the rear of the space. The property is zoned C-2, City of Lakeland. This zoning allows for a wide variety of uses, including retail, office, restaurant and many others.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investor or Owner User Oppt w/Tenants &Income

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C2

APN/PARCEL ID

24-28-30-254800-010161

ASK ABOUT THIS PROPERTY

Craig MorbySaunders Real EstateMore Info
863-581-0059

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Craig MorbySaunders Real EstateMore Info
863-581-0059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.