6906 US Highway 98
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6906 US Highway 98
8,500 SF 100% Leased Retail Building Lakeland, FL 33809 $2,200,000 ($259/SF) 5.68% Cap Rate
Investment Highlights
- Located in main corridor of US 98
- Opportunity to increase rents to maximize income at market rates
- In the immediate vicinity of other retail like Publix (across the street) and Walgreens.
- 100% occupied
Executive Summary
Great investment opportunity in a ever expanding area.
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
1985
Price
$2,200,000
Price Per SF
$259
Cap Rate
5.68%
NOI
$124,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.64 AC
Zoning
C-3, County - Retail commercial
Parking
12 Spaces (0.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 23-27-14-000000-022140 | Total Assessment | $667,591 (2023) |
| Land Assessment | $204,211 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $463,380 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
23-27-14-000000-022140
Land Assessment
$204,211 (2023)
Improvements Assessment
$463,380 (2023)
Total Assessment
$667,591 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6906 US Highway 98
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.