$ 475,000
Property Attributes
  • MLS#T3282038
  • TypeCommercial
  • CountyPOLK
  • CityLakeland
  • AreaLakeland
  • NeighborhoodCommercial Park South
  • Zip33801
  • StyleOffice
  • Year Built1973
  • Taxes5105
  • Price$ 475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5355
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
Property Description

FULLY RENTED AND PRICED TO SELL at approximately 8% CAP RATE, this commercial building has 6 suites which are currently divided into four functioning sites and long term lessee for outdoor billboard. Want six separate units? With a small remodel each of 6 units would have 2 exit doors and a 1/2 bath. Currently, 2 remodeled suites just rented for $1200 with 2 year lease and 2, 2 year renewal w/ 3% escalation clause. Owner knows rents are low and has two long-term tenants at lower than market rate, and recently leased unit 4 for $800 for one year, discounted for friend. Even with the reduced rents, this excellent building is at an excellentcap rate, and has potential for being much greater: run the numbers! 5 AC units, 2 which are newer. Roof approx 10-12 years old. Plenty of parking and has extra space that has been rented out. Owners suites (5 & 6) are pristine with LVP flooring and attractive new carpet, 2 baths, reception area and office, executive office, class room or large workroom with separate entry, 2 storage rooms and another small office/utilities area. Suite 1 has been leased about 2 years; Suite 2 & 3 has been leased to same client for approx 6 years and leases suite 3 for reduced amount to use as storage. Bill board has separate meter, as does Suite 2, and rents for $775 per month (very long term) but landlord pays electric and water, excluding the billboard. Total yearly rents: $52,500; estimate of total expenses: $14,555. Don't move slow on this one! With lower price and new leases, this one is ripe!

Price History
1/6/2021 Listed $475,000

General Features

Business Type Commercial, Professional/Office
Ceiling Height 8 to 9 Feet
Construction Materials Brick
Cooling Central Air, Zoned
Electric 100 Amp Service, 110 Volts, 220 Volts
Flooring Carpet, Linoleum
Heating Central Building, Zoned
Levels One
MLS Area 33801 - Lakeland
Parking Features 13 to 18 Spaces
Property SubType Office
Property Type Commercial
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Active
Total Num Buildings 1
Township 28
Utilities Electricity Available, Phone Available
Year Built 1973
Zoning O-1

Interior Features

Living Area 5355.00
Numof Restrooms 6

Exterior Features

Building Area Total 5355.00
Foundation Details Slab
Lot Dimensions 111.4x130
Lot Size Acres 0.38
Lot Size Square Feet 16553
Road Frontage Type City Street


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33801

AVG $580K
AVG $5,075
AVG 102
Year Built
AVG 1957
AVG 41
Data Provided by Walkscore ® not using MLS data

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