Historic Downtown Lakeland Value Add Oppty | 235 N Florida Avenue
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Historic Downtown Lakeland Value Add Oppty 235 N Florida Avenue
16,650 SF Retail Building Lakeland, FL 33801 $2,195,000 ($132/SF)
Investment Highlights
- Original wood floors upstairs
- Two story building
- Frontage to one of Lakeland's busiest street
- Natural light throughout
- Open walls for an easy buildout
- 3 Entry ways
Executive Summary
This Downtown Lakeland Historic Building has over 100 feet of direct frontage on North Florida Avenue, and has a rich history and immense potential. The historic masonry building is surrounded by restaurants, hotels, and retail plazas in downtown Lakeland, a bustling family-friendly hub with a strong economy. It sees a traffic flow of 21,000 Vehicles Per Day, moving at around 40 miles per hour, making it a high-visibility location.
The building has two stories with exposed beams, an attractive façade with awnings and windows, and has plentiful natural light. The interior is open, making it suitable for a single user or multiple tenants. Fire suppression is in place, and an operational original elevator from the 1920s adds to its unique charm. Its proximity to local attractions like Bonnet Springs Park, Munn Park, Lake Mirror, and the RP Funding Center enhances its potential uses. While parking on-site is limited, neighboring lots could offer possible solutions.
This historic Lakeland landmark sits in great condition and is a blank slate for your vision for renovation that capitalizes on its prime location and historic charm. Take advantage of this unique chance to impact Downtown Lakeland in a major way with this incredible building.
The building has two stories with exposed beams, an attractive façade with awnings and windows, and has plentiful natural light. The interior is open, making it suitable for a single user or multiple tenants. Fire suppression is in place, and an operational original elevator from the 1920s adds to its unique charm. Its proximity to local attractions like Bonnet Springs Park, Munn Park, Lake Mirror, and the RP Funding Center enhances its potential uses. While parking on-site is limited, neighboring lots could offer possible solutions.
This historic Lakeland landmark sits in great condition and is a blank slate for your vision for renovation that capitalizes on its prime location and historic charm. Take advantage of this unique chance to impact Downtown Lakeland in a major way with this incredible building.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,650 SF
Building Class
C
Year Built/Renovated
1922/1993
Price
$2,195,000
Price Per SF
$132
Tenancy
Single
Building Height
2 Stories
Building FAR
1.42
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C-7
Parking
16 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
138 FT on Florida 37
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 24-28-18-201000-005022 | Improvements Assessment | $181,944 |
Land Assessment | $222,281 | Total Assessment | $404,225 |
PROPERTY TAXES
Parcel Number
24-28-18-201000-005022
Land Assessment
$222,281
Improvements Assessment
$181,944
Total Assessment
$404,225
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Historic Downtown Lakeland Value Add Oppty | 235 N Florida Avenue
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