$300,000
$350,000
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4,851 SqFt
SOLD DATE : 07/16/2021
Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,851 sqft
Price per Sqft $61
Subdivision Schipmans Surv
MLS Listing ID T3295190
Sold Date 07/16/21
Construction Status Completed
HOA Y/N No
Year Built 1964
Annual Tax Amount $4,879
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 100x135
Property Sub-Type Mixed Use
Property Description
Zoned C2 Commercial/Industrial. Please do not disturb existing tenant. Property being sold together with adjacent property address 901 N.
Florida Ave (MLS# T3292233). Listing Price is for this parcel only. Properties are store front on N. Florida Ave. US Highway 98 just off of Memorial Blvd. (US Highway 92) in the center of Lakeland blocks away from the historic Henley Field. Tenant is running a personal business called the "Mobility Store" and lease ends 2025. Instant ROI at a 7%-8% Cap Rate. Rental income is $6000.00 monthly for both properties. Financial information and current leases available upon request. Unlimited potential with room to expand adding the 2 Vacant lots behind that are also available for sale separately by the same owner. MLS# T3295236 and T3295230. Seller trying to liquidate entire portfolio.
Location
State FL
County Polk
Community Schipmans Surv
Zoning C-2
Interior
Cooling Central Air
Building
Lot Description Historic District, City Limits
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Completed
Others
Ownership Corporation
Special Listing Condition None
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