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Shoppes of Christina 6645 S Florida Ave 40,395 SF 100% Leased Retail Building Lakeland, FL 33813 $11,250,000 ($278.50/SF) 6.46% Cap Rate



Investment Highlights
- Strong traffic count of 39,000 ± vehicles per day
- Ample parking: 311 ± spaces
- Located within the city's most affluent zip code
- Frontage on South Florida Ave
Executive Summary
Excellent commercial center off South Florida Avenue in Lakeland, Florida. The property consists of three buildings that together form a well-positioned commercial center along one of Lakeland’s primary north–south corridors, with traffic counts exceeding 38,000 vehicles per day. Located within the city’s most affluent zip code, the center benefits from strong surrounding demographics and sits directly across from the Century Avenue multifamily development. The property has been renovated and expanded in recent years to include a new 4,800 SF building fully leased to medical tenants, along with new paint, several new HVAC units, updated landscaping, and many other improvements. Ample on-site parking, with approximately 311 spaces, supports a wide range of retail, medical, and professional uses and enhances overall accessibility for tenants and customers.
Location Description
Located at 6645 S Florida Avenue in Lakeland, Florida, the property sits along one of the city’s primary north–south commercial corridors. South Florida Avenue carries approximately 38,000 vehicles per day, providing strong visibility and accessibility. The site is positioned within Lakeland’s most affluent zip code and benefits from proximity to major roadways, including Polk Parkway (SR 570), U.S. Highway 98, and Interstate 4, allowing for efficient connectivity throughout Lakeland and the greater Central Florida region. The surrounding area is supported by established retail, medical, and professional services, making this a well-located setting for neighborhood and regional commercial uses.
Location Description
Located at 6645 S Florida Avenue in Lakeland, Florida, the property sits along one of the city’s primary north–south commercial corridors. South Florida Avenue carries approximately 38,000 vehicles per day, providing strong visibility and accessibility. The site is positioned within Lakeland’s most affluent zip code and benefits from proximity to major roadways, including Polk Parkway (SR 570), U.S. Highway 98, and Interstate 4, allowing for efficient connectivity throughout Lakeland and the greater Central Florida region. The surrounding area is supported by established retail, medical, and professional services, making this a well-located setting for neighborhood and regional commercial uses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
40,395 SF
Building Class
B
Year Built
2006
Price
$11,250,000
Price Per SF
$278.50
Cap Rate
6.46%
NOI
$727,165
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
6.57 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-29-23-000000-021090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,386,626 |
Property Taxes
Parcel Number
23-29-23-000000-021090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,386,626
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Shoppes of Christina | 6645 S Florida Ave
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