705 E Orange St
Lakeland, FL 33801
Southern Charm Office Building · Office Property For Sale
Investment Highlights
- Immaculately Renovated Historic Building
- 9 Office Suites
- Across from Hollis Garden, Barnett Family Park, & Lake Mirror
Property Facts
Amenities
- 24 Hour Access
- Fireplace
- Security System
- Signage
- Kitchen
- Storage Space
- High Ceilings
- Reception
- Recessed Lighting
- Hardwood Floors
- Outdoor Seating
- Air Conditioning
- Balcony
About 705 E ORANGE ST , LAKELAND, FL 33801
$60K Price Reduction. JOHN SADRI & COMPANY IS PROUD TO represent this award-winning historic building in the heart of beautiful downtown Lakeland across from Hollis Garden, Lake Mirror, and Barnett Family Park. This FULLY RENOVATED historic building boasts original and striking heart pine flooring, 9 office suites with high ceilings, an oversized conference room, a lobby/reception area, 4 bathrooms, 4 fireplaces, a spacious break room, and 12 parking spaces with more public parking spaces available nearby. Ideal for a law firm, a med spa, a real estate or insurance company, or any other professional office, or for investment. The building was fully and professionally renovated in 2008 adhering to the strict guidelines of Lakeland's Historical Society. The property was leased for the last ten years and became available on 11/1/2019. The last annual gross rental income was about $74,000. At the same rental income, and the current asking price, the approximate CAP Rate would be about 7%.
Property Taxes
| Parcel Number | 24-28-18-205000-023051 | Improvements Assessment | $567,323 |
| Land Assessment | $48,150 | Total Assessment | $615,473 |
Property Taxes
