Redevelopment/Income Producing/Mixed Use! There are two property parcels and two structures included in the sale, totalling 4,430SF. Addresses include 1304 S Florida Ave & 113 Palmola St. This is a rare half acre (.51) on a hard corner at South Florida Ave and Palmola Street (just north of Ariana Street). Both parcels are zoned C-2 City of Lakeland.
The highest and best use would be a retail or office redevelopment. The auto repair shop fronting S Florida Ave is income-producing - generating $3,200/month. The tenant is on a month to month lease with a 30 day out.
The rear building is a vacant former historic home built in the 1920s, and for the past many years, was utilized as an attorney's office. It needs renovation, but could be restored to its original charm and either utilized by an owner/user or leased at market rate.
The Dixieland corridor is one of the trendiest locations in Lakeland, combining retail, restaurant and office, with an established and highly desired residential component. Great location within the City, close to the Downtown district, and major roadways.
Owner MAY consider selling the individual properties/parcels at $725,00 for 1304 S Florida Ave, and $350,000 for 113 Palmola.
Price Per SF $222.57