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541 S Florida Ave - First Christian Church 23,700 SF Specialty Building Offered at $4,750,000 at a 8% Cap Rate in Lakeland, FL 33801
Investment Highlights
- LOCATION WILL ALLOW GRANTS TO BE ALLOTED
- HISTORIC SIGNIFIANCE
- POTENTIAL TO BE REZONED
- WATERVIEW FROM BUILDING 1
Executive Summary
THE PROPERTY IS A HISTORIC RELIGIOUS LANDMARK WITH OLD WORLD ART FEATURED IN THE FORM OF EXQUISTELY CRAFTED STAIN GLASS WINDOWS ALL AROUND THE STRUCTURE AND A RARELY FOUND PIPE ORGAN PIECE, PEWS AND MANY OTHERS EXTRAS. THE BUILDING 1 IS OFFERED IS 14300 SQ.FT. IS ZONED C 2 BY THE CITY OF LAKLAND AND BUILDING 2 IS BEING USED AS A FULLY FUNCTIONAL MEDICAL CLINIC WITH AN OUTPATIENT PROCEDURES. THERE IS ALSO FULLY PAVED WITH UPGRADED FENCING ALL AROUNG THE ADJOINING PARKING OF LOT 0.15 ACRES AND 0.51 ACRES . TOTAL PARCEL WITH BOTH THE BUILDINGS AND PARKING MORE THEN LOT 1.1 ACRES.
ALL OF THE 3 PARCELS OF 1.06 ACRES INCLUDED UNDER THE ROOF CONSTRUCTION OF 23,7000 SQFT (BLDG. 1 AND 2 ) AND 0.66 ACRES PARKING LOT IS BEING OFFERED TO PURCHASE.
LOCATED WITHIN DIXIELAND COMMUNITY REDEVELOPMENT AREA WITH VARIOUS GRANTS AVAILABLE DUE TO BEING IN HISTORIC DISTRICT AND A LANDMARK STRUCTUTRE. SELLER WILL CONTRIBUTE IN RENOVATION.
ALL OF THE 3 PARCELS OF 1.06 ACRES INCLUDED UNDER THE ROOF CONSTRUCTION OF 23,7000 SQFT (BLDG. 1 AND 2 ) AND 0.66 ACRES PARKING LOT IS BEING OFFERED TO PURCHASE.
LOCATED WITHIN DIXIELAND COMMUNITY REDEVELOPMENT AREA WITH VARIOUS GRANTS AVAILABLE DUE TO BEING IN HISTORIC DISTRICT AND A LANDMARK STRUCTUTRE. SELLER WILL CONTRIBUTE IN RENOVATION.
Property Facts
| Price | $4,750,000 | Building Class | B |
| Price Per SF | $200.42 | Lot Size | 1.16 AC |
| Sale Type | Investment | Building Size | 23,700 SF |
| Cap Rate | 8% | No. Stories | 3 |
| Sale Condition | Redevelopment Project | Year Built | 1925 |
| Property Type | Specialty | Parking Ratio | 1.69/1,000 SF |
| Property Subtype | Religious Facility | ||
| Zoning | C-2 - C-2 IS GENERAL COMMERCIAL DISTRICT. IT HAS POTENTIAL FOR REZONING DUE TO ITS LOCATION. | ||
| Price | $4,750,000 |
| Price Per SF | $200.42 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 1.16 AC |
| Building Size | 23,700 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | C-2 - C-2 IS GENERAL COMMERCIAL DISTRICT. IT HAS POTENTIAL FOR REZONING DUE TO ITS LOCATION. |
Amenities
- Air Conditioning
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $200 | Total Assessment | $1,388,561 |
Property Taxes
Parcel Numbers
Land Assessment
$200
Improvements Assessment
$0
Total Assessment
$1,388,561
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Presented by
American Realty Group
541 S Florida Ave - First Christian Church
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