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Dixieland Commercial Possible Redevel Corner 1304 S Florida Ave 4,830 SF 100% Leased Retail Building Lakeland, FL 33803 $975,000 ($201.86/SF)
INVESTMENT HIGHLIGHTS
- .51 AC hard corner - Dixieland, 1304 S S Florida Ave & 113 Palmola St., Lakeland. Two properties, two addresses both zoned C-2
- The office is a former historic single family home, built in 1924 - 2,692 SF on .19 acres.
- Dixieland is one of the trendiest spaces in the city, highlighting retail, restaurant and office. Less than 5 minutes to downtown.
- 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 Dixieland area is a designated district in the Lakeland Community Redevelopment Agency. Incentives may be available.
- City water and sewer.
EXECUTIVE SUMMARY
Price Drop - Owner would consider splitting the property into two sales. 1304 S Florida @ $650,00, and 113 Palmola @ $325,000.
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
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
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,830 SF
Building Class
C
Year Built
1980
Price
$975,000
Price Per SF
$201.86
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.51 AC
Zoning
C-2 - C-2 is a flexible commercial zoning designation within the City of Lakeland. Please see attached the zoning use table.
Frontage
AMENITIES
- Corner Lot
- Signage
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $169,190 | |
| Land Assessment | $36,275 | Total Assessment | $448,530 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$36,275
Improvements Assessment
$169,190
Total Assessment
$448,530
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Dixieland Commercial Possible Redevel Corner | 1304 S Florida Ave
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