$850,000
$960,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
3,237 SqFt
SOLD DATE : 03/28/2022
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,237 sqft
Price per Sqft $262
MLS Listing ID L4903597
Sold Date 03/28/22
Construction Status Completed
HOA Y/N No
Year Built 1956
Annual Tax Amount $1,023
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Retail
Source Stellar MLS
Property Description
PRICE REDUCTION! INCLUDES 3 SEPARATE PROPERTIES! The subject properties are 3 individual parcels, each to be sold separately. Formerly had an RAC zoning classification, but subsequently annexed in the City of Lakeland, the zoning is still to be determined, but likely to be C2 or C5. Single family homes presently reside on each lot, and are all income producing and 100% occupied. The properties are located in the new Lakeland Park Center retail community, anchored by Old Navy, Ross and Dick's Sporting Goods, with a number of other large national retailers, and restaurants close by. Further development is imminent in the area. There is also a high traffic entrance at Exit 32 (US Highway 98 North) on Interstate 4, located between Orlando and Tampa, with several hotels and the Lakeland Mall very close by. 46,000 AADT on US 98 North, and 95,500 AADT on Interstate 4.
The eventual highest and best use would be retail or hotel. Assembling the other properties on this block will be essential to realize this opportunity's full potential.
Location
State FL
County Polk
Area 33809 - Lakeland / Polk City
Zoning RAC
Interior
Cooling Central Air
Building
Lot Size Range 1/2 to less than 1
Structure Type Block
New Construction false
Construction Status Completed
Others
Ownership Sole Proprietor
Special Listing Condition None
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