119-121 Allamanda Dr - Freestanding FOR SALE


Lakeland, FL 33803- City of Lakeland
$575,000 USD
310-554-9364
119-121 Allamanda Dr, Lakeland, FL for Sale
$575,000 USD
Freestanding - FOR SALE
1/8
null | 7.65% Cap Rate

119-121 Allamanda Dr
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • Fully leased multi-tenant retail and office investment property.
  • Located near Southgate Shopping Center and South Florida Avenue.
  • C-2 zoning permits a broad range of commercial uses.
  • Single-story building with dedicated on-site parking.
  • Existing tenant occupancy provides immediate income generation.
  • Central Lakeland location with access to the I-4 regional corridor.

OVERVIEW

119-121 Allamanda Drive presents an opportunity to acquire a fully leased retail and office investment property in one of Lakeland's established commercial corridors. The single-story building is occupied by two operating tenants, providing in-place income and immediate cash flow. Zoned C-2 by the City of Lakeland, the property supports a broad range of commercial uses including retail, office, medical, restaurant, and service-oriented businesses, offering future flexibility for ownership strategies. The asset benefits from its location just off South Florida Avenue near Southgate Shopping Center, a well-known retail destination serving surrounding residential neighborhoods and local businesses. This position provides convenient access to one of Lakeland's primary north-south commercial routes, helping support tenant visibility and customer accessibility. The surrounding area features a mix of retail, service providers, offices, and residential development that contribute to ongoing consumer activity and business demand. The property's multi-tenant configuration creates diversification within a compact investment asset. Existing occupancy, dedicated parking, and commercial zoning combine to support both passive investment objectives and potential future owner-user considerations, subject to lease terms and market conditions. Lakeland's central Florida location between Tampa and Orlando further enhances regional accessibility for businesses serving customers throughout the Interstate 4 corridor.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C2

APN/PARCEL ID

24-28-30-254800-010161

ASK ABOUT THIS PROPERTY

Amanda JohnsonBoardwalk RealtyMore Info
310-554-9364

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

Amanda JohnsonBoardwalk RealtyMore Info
310-554-9364

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