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5508 US Highway 98
Lakeland, FL 33809

$495,000 USD

Medical For Sale • 1,880 SF

Property Details

Property Type Medical
Total Building Size 1,880 SF
Lot Size 0.16 AC
Building Class B
Year Built 1978
Tenancy Multiple
Zoning C-2

0 Transit Score

57 Walk Score

                
                    Highlights
                
                                Office / Retail Property on Busy US 98 North in Lakeland, FL 1,880 split into two sides-1200 SF & 660 SF, the latter occupied by a long term tenant.
                            
                                The 1,200 SF side of the property is owner occupied.  This 660 SF tenant portion of the property could be split into two units in the future.
                            
                                Current rent for tenant at $850 per month, or $15.45 PSF. Month to month, with 60 day out clause for both parties. 
                            
                                Market rents $22-$24 PSF.  Investor option could potentially derive $43,240 in rent.  
                            
                                Property taxes - $3,150, Insurance $5,000.  2 water meter and 3 electric meters available. FGUA water services and septic tank.
                            
                                8 parking spaces, 4 off the US 98 entrance and 4 in the rear of the building. 54,000 AADT.

Property Flyers

Office-Retail On High Traffic US 98 North Flyer

Amenities

Signage
Central Heating
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lakeland (Silver Star - Amtrak)	10 min	-	5.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Craig Morby 863-581-0059 SVN | Saunders Ralston Dantzler Real Estate

5508 US Highway 98 Lakeland, FL 33809