3520 US Highway 98 N - Department Store FOR SALE


Lakeland, FL 33810- City of Lakeland
$5,900,000 USD
863-873-1970
3520 US Highway 98 N, Lakeland, FL for Sale
$5,900,000 USD
Department Store - FOR SALE
1/12
null | Request Cap Rate

3520 US Highway 98 N
Lakeland, FL 33810
City of Lakeland


HIGHLIGHTS

  • 104,892 SF building with ample retail space
  • Constructed in 1994 with modern infrastructure
  • Zoned C-5 for diverse retail and commercial use
  • Strategic location in the thriving Lakeland area
  • Potential for retail and regional mall development
  • Versatile space for customization and Expansive layout

OVERVIEW

Introducing a premier opportunity at 3800 US Highway 98 N, Lakeland, FL 33809. This expansive property offers an array of outstanding features suited for a variety of retail concepts. With its spacious layout and modern design, the site provides an ideal canvas for businesses looking to establish or expand their presence in a dynamic and growing market. Boasting prominent visibility, versatile space for customization, and convenient access from US Highway 98 and Interstate 4, this property is well positioned to support a wide range of retail uses in one of Lakeland’s key commercial corridors. Location Description Lakeland Square Mall is the dominant regional shopping destination in Lakeland, FL, strategically positioned along U.S. Highway 98 with direct access to I-4, drawing from both the Lakeland and greater Polk County markets. The center benefits from strong daily traffic and a diverse tenant mix anchored by Dillard’s, JCPenney, Cinemark Theatres, and Urban Air Trampoline Park complemented by national retailers such as Victoria’s Secret, Bath & Body Works, Foot Locker, Champs Sports, and Kay Jewelers. Outparcels and nearby pads are occupied by high-profile brands including Rooms to Go, Red Lobster, Buffalo Wild Wings, and Chili’s, further enhancing customer draw. The property is well positioned to capture steady retail demand from surrounding residential growth and commuter traffic between Tampa and Orlando. Lakeland’s expanding population, coupled with new residential and commercial developments, reinforces the Mall’s role as the region’s primary shopping, dining, and entertainment hub.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Box Retail Space at Lakeland Square Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

123

LAND DETAILS

LAND ACRES

7.61 AC

LAND SF

331,492 SF

ZONING

C-5

APN/PARCEL ID

23-27-35-000000-012120

ASK ABOUT THIS PROPERTY

Lauren Ralston Smith CCIM, CPMSaunders Real EstateMore Info
863-873-1970

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

Lauren Ralston Smith CCIM, CPMSaunders Real EstateMore Info
863-873-1970

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