Lakeland, FL 33809,1025 LAKELAND PARK CENTER DR

$850,000

$960,000

11.5%
Est.Price: ?

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Est. payment /mo

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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Stellar MLS
Listed by COLDWELL BANKER REALTY
Bought with PERFECT DREAM REALTY
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