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119-121 Allamanda Dr
Lakeland, FL 33803 City of Lakeland

$575,000 USD

Freestanding For Sale  •  2,150 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,150 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 1953
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning C2
0 Transit Score
83 Walk Score

Highlights

One of the best locations in Lakeland, across from Southgate Publix shopping plaza, which is also home to Office Depot, and Ace Hardware.
10 minutes from downtown, 5 minutes from the Polk Parkway, and close to major amenities, including restaurants, retail, and big box.
2,150 SF with two tenants. Zoned C-2, City of Lakeland. C-2 is wide open zoning classification, allowing a wide variety of retail and office uses.
Owner collects $44,000 in annual income, and charges back almost all CAM in the amount opf $6,444 per year.
City of Lakeland - electric, water and sewer. Property taxes - $3,193
Leases available. Clean environmental report available.

Property Flyers

Cap Rate: 7.50 %

Public Transportation

Commuter RailDriveWalkDistance
Lakeland (Silver Star - Amtrak) 6 min - 2.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Craig Morby 863-581-0059 Saunders Real Estate
Craig Morby 863-581-0059 Saunders Real Estate