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1803 Salem Rd
Lakeland, FL 33803
US 98 Lakeland Medical Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Proximity to major thoroughfares such as the Polk Parkway, I-4, and US 92
- Variety of allowed uses such as medical office, fitness studio, & hair salon
- 130 ± FT of frontage along US 98
- Reroofed in 2020
EXECUTIVE SUMMARY
The subject property is a freestanding medical office building located along US 98 within the central area of Lakeland. The property is also equipped with 2 restrooms and multiple office/exam rooms. This location offers exposure and frontage to a traffic count of over 38,000 cars per day along US 98. In addition, the property is only 3 miles north of the new Orlando Health Hospital that is currently under construction. The hospital is expected to open in 2026.
Location Description
The property features an excellent location. I-4 is only 6 ± miles north and the Polk Parkway is only 2 ± miles south of the property. Nearby businesses include professional offices and a variety of retailers. Major nearby retailers include Publix, McDonald's, CVS, and Wendy's.
Location Description
The property features an excellent location. I-4 is only 6 ± miles north and the Polk Parkway is only 2 ± miles south of the property. Nearby businesses include professional offices and a variety of retailers. Major nearby retailers include Publix, McDonald's, CVS, and Wendy's.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,630 SF
Building Class
C
Year Built
1953
Price
$500,000
Price Per SF
$190.11
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,630 SF
Building FAR
0.29
Lot Size
0.21 AC
Zoning
O-1 (City of Lakeland)
Parking
10 Spaces (3.8 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24-28-28-246000-003030 | Improvements Assessment | $171,347 |
| Land Assessment | $59,144 | Total Assessment | $230,491 |
PROPERTY TAXES
Parcel Number
24-28-28-246000-003030
Land Assessment
$59,144
Improvements Assessment
$171,347
Total Assessment
$230,491
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