1304 S Florida Ave - Freestanding FOR SALE


Lakeland, FL 33803
$1,075,000 USD
863-581-0059
1304 S Florida Ave, Lakeland, FL for Sale
$1,075,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

1304 S Florida Ave
Lakeland, FL 33803


HIGHLIGHTS

  • .51 AC hard corner - Dixieland, 1304 S S Florida Ave & 113 Palmola St., Lakeland. Two properties, two addresses both zoned C-2
  • The auto shop is 2,138 SF on .32 acres and is currently leased at $3,200 per month. This is a month to month lease, with a 30 day out.
  • The office is a former historic single family home, built in 1924 - 2,692 SF on .19 acres.
  • The Dixieland area is a designated district in the Lakeland Community Redevelopment Agency. Incentives may be available.
  • Dixieland is one of the trendiest spaces in the city, highlighting retail, restaurant and office. Less than 5 minutes to downtown.
  • City water and sewer.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dixieland Commercial Possible Redevel Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2

APN/PARCEL ID

24-28-19-214000-002010,24-28-19-214000-002030

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.