120 W Memorial Blvd - Auto Dealership FOR SALE


Lakeland, FL 33815- City of Lakeland
$1,471,000 USD
850-860-6786
120 W Memorial Blvd, Lakeland, FL for Sale
$1,471,000 USD
Auto Dealership - FOR SALE
1/40
null | 5.75% Cap Rate

120 W Memorial Blvd
Lakeland, FL 33815
City of Lakeland


HIGHLIGHTS

  • Hard-corner site at signalized intersection
  • Excellent visibility and access from multiple approaches
  • High-traffic location with strong daily counts
  • Ideal for redevelopment or retail use

OVERVIEW

Premier Commercial Group is pleased to present 120 W Memorial Blvd, a prime 1-acre redevelopment opportunity consisting of three parcels at a highly visible hard corner. Located at a busy signalized intersection, this property offers unmatched accessibility and exposure, making it ideal for retail, service, or quick-serve users. The site is currently leased to Budget under a corporate lease with nearly 40 years of operating history at this location, providing both stability and long-term upside. The tenant has 6 years remaining on the current term with two additional 5-year options, ensuring continued income while allowing flexibility for future redevelopment. Offered at $1,471,000, this is a rare chance to acquire a hard-corner asset with strong visibility, excellent ingress/egress, and significant potential in a proven trade area.

FOR SALE DETAILS

PRICE

$1,471,000 USD

PRICE/SF

$1,708 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Truck Rental Corporate Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C-2

APN/PARCEL ID

23-28-13-077000-001060

ASK ABOUT THIS PROPERTY

Jake McPhailPremier Commercial GroupMore Info
850-860-6786

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

Jake McPhailPremier Commercial GroupMore Info
850-860-6786

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