1034 Woodland dr - Office FOR SALE


Lakeland, FL 33809- City of Lakeland
$375,000 USD
863-272-7135
1034 Woodland dr, Lakeland, FL for Sale
$375,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

1034 Woodland dr
Lakeland, FL 33809
City of Lakeland


HIGHLIGHTS

  • Part of an commercial undeveloped residential block in highly developed area of North Lakeland, surrounded by hotels, restaurants and big box retail.
  • This parcel is .28 acres, with a 1,508 SF former single family home.
  • Part of the home is being used as a commercial office, the remainder could easily be renovated and rented.
  • Although a single family use is grandfathered, the long term highest and best use is commercial.
  • There is currently no official zoning classification - the future land use is RAC or Regional Activity Center, City of Lakeland.
  • Property has city water and septic currently.

OVERVIEW

This is one of the last pieces of an important tract for the commercial redevelopment in the area. This block is the lone residential area in a dense commercial area, surrounded by hotels, restaurants, big box retail and the Lakeland Square Mall. It is one of the busiest areas in Lakeland, 2 minutes from I-4 and US 98, a major artery which runs north and south through Lakeland. .28 acres of land, with a 1,508 SF home, with a built on addition, used for a construction office. The residential portion of the home is no longer occupied, but has 2 bedrooms, 1.5 baths, and a large kitchen with a traditional family room. Work is needed on the property, but the home could easily be renovated to make a rental home. In addition, there is an approx. 600 SF storage and workshop in the rear of the property. It suffered some roof damage during the recent hurricanes, but could be put back together. Permits have been pulled for the work to be completed. Almost all of the homes on the block are rentals, and will inevitably be replaced for commercial development. This property is being sold as is. Price Per SF $288.46

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Future Development Parcel - North Lakeland

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

0-1 / C-1

APN/PARCEL ID

23-27-36-015700-001120

ASK ABOUT THIS PROPERTY

Eric AmmonSaunders Real EstateMore Info
863-272-7135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric AmmonSaunders Real EstateMore Info
863-272-7135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.