1304 S Florida Ave - Freestanding FOR SALE


Lakeland, FL 33803- City of Lakeland
$919,900 USD
863-581-0059
1304 S Florida Ave, Lakeland, FL for Sale
$919,900 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

Sep '26


1304 S Florida Ave
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • One of the last highly visible redevelopment corners available in Lakeland's rapidly evolving Dixieland District.
  • Lakeland's "Road Diet" to be complete late 2027, which will further enhance this corner's appeal.
  • Flexible C-2 zoning on both parcels, allowing for a variety of retail, restaurant, office, medical, mixed-use, and commercial development.
  • 23,000 vehicles per day (AADT) provide outstanding visibility and exposure along Lakeland's primary commercial corridor.
  • Situated within the Lakeland Community Redevelopment Agency (CRA), where development incentives may be available to qualifying projects
  • Just minutes from Downtown Lakeland, Lake Hollingsworth, the Polk Parkway, and Interstate 4, providing convenient access throughout Central Florida.

OVERVIEW

PLEASE SEE PROPERTY BROCHURE FOR MORE DETAILS. Rare opportunity to acquire a highly visible redevelopment corner in Lakeland's thriving Dixieland District. Situated on the signalized hard corner of South Florida Avenue and Palmola Street, this exceptional 0.51-acre property offers investors, developers, and owner-users the opportunity to create one of the area's next landmark commercial projects. The offering consists of two contiguous C-2 zoned parcels with over 23,000 vehicles per day along South Florida Avenue, Lakeland's primary commercial corridors. Addressess include 1304 S Florida Ave and 113 Palmola St. Whether envisioned as boutique retail, restaurant, office, medical, or a mixed-use development, the property's prominent visibility, flexible zoning, and strategic location make it one of the most compelling redevelopment sites currently available. Unlike many redevelopment opportunities, this property provides immediate holding income while future plans are developed. The existing auto repair facility is currently leased for $3,800 per month on a month-to-month basis, providing some cash flow with the flexibility for future redevelopment. The adjacent 1925 structure, formerly utilized as a professional office, offers additional flexibility for a purchaser. While many buyers may elect to redevelop the entire site, others may explore restoration or adaptive reuse opportunities, depending on their vision for the property. Located within Lakeland's vibrant Dixieland District, the property is surrounded by an eclectic mix of popular restaurants, breweries, boutiques, professional offices, and beautifully restored historic homes. Just minutes from Downtown Lakeland, Lake Hollingsworth, and the Polk Parkway, the location continues to benefit from significant public and private investment, making it one of Central Florida's most desirable urban neighborhoods. An added advantage is that the property is enrolled in Florida's State Petroleum Cleanup Program, providing an established environmental remediation pathway that significantly reduces potential out-of-pocket cleanup costs for future ownership. This offering represents a unique opportunity to acquire a highly visible corner with existing income, redevelopment flexibility, and exceptional long-term upside in one of Lakeland's fastest-growing commercial districts. *Some images contained within this marketing package are AI-generated conceptual renderings.

FOR SALE DETAILS

PRICE

$919,900 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lakeland's Next Landmark Commercial Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2

APN/PARCEL ID

24-28-19-214000-002010,24-28-19-214000-002030

ASK ABOUT THIS PROPERTY

Craig MorbySaunders Real EstateMore Info
863-581-0059

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Craig MorbySaunders Real EstateMore Info
863-581-0059

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