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230 N Kentucky Ave
Lakeland, FL 33801

$4,250,000 USD

Freestanding For Sale  •  12,535 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,535 SF
  • Lot Size 0.1 AC
  • Building Class C
  • Year Built 1920
  • Cap Rate 4.88 %
  • Tenancy Multiple
  • Zoning C7
0 Transit Score
79 Walk Score

Highlights

Gorgeous historic downtown Lakeland property with long term triple net tenants and a private residence. N Kentucky Ave & Traders Alley.
12,535 SF / 4 floors / 4-stop elevator roof deck patio and kitchenette.
First floor - 2,500 SF in retail shop (Stationery Loft), includes 576 SF of shop storage area. The Tenant has 15+ years remaining on its 25 year NNN
The second floor - 4,200 SF (incl. common areas), with 4 bathrooms, and a NNN lease to a national real estate company - 11 years on the lease.
The 3rd and 4th floors - 5,835 SF total, which includes a 4 bedroom, 4.5 bath home, rooftop deck, she shed / man cave, common areas and 3 car garage.
Within a short walking distance of parks, restaurants, bars, theaters, salons, and breweries, and Farmer's Market, First Friday and numerous events.

Property Flyers

Cap Rate: 4.88 %

Amenities

  • 24 Hour Access
  • Security System
  • Roof Terrace
  • Storage Space
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Covered
Included in Rent: Yes
Craig Morby 863-581-0059 SVN | Saunders Ralston Dantzler Real Estate
Craig Morby 863-581-0059 SVN | Saunders Ralston Dantzler Real Estate