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Gelfand Realty Miami Properties - Retail

2240 US HWY 92 E, LAKELAND, FL 33801

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Retail -

2240 US HWY 92 E, LAKELAND, FL 33801

Sold Price$300,000 Asking Price$339,000

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  • Days on market:

    512 day(s)
  • Original Price:

    $549,000
  • Tax Legal Description:

    RESUB OF COUNTRY CLUB ESTATE SUB PB 10 PG 31 BLK 5 LOTS 1 & 2 OF LOT 14 LESS HWY R/W
  • Tax Year:

    2015
  • Property Type:

    Retail
  • Parking:

    13 to 18 Spaces
  • Construction Type:

    FrameBlockCombination
  • Roof:

    MetalBuilt-Up
  • Cooling Description:

    A/C - Office Only
  • Special Listing Conditions:

    None
  • Lot Features:

    Other

Description

$339,000

*reduced* owner financing *must sell*bring offers* excellent opportunity to own an office and warehouse complex zoned lcc with 150' of frontage on us hwy 92 e in an area that is experiencing new commercial development. the 0.48 acre property consists of a 2 story office building with 1.280sf and 3 warehouse buildings with a total of 10,920sf of leasable space built around a common courtyard. the property can be used for income in its current configuration or redeveloped. the current rental occupancy is approximately 34% with tenants on month-to-month leases. total annual gross rent is about $30,000 with a potential for $85,000 at 100% occupancy and $7.00/sf. seller financing is a possibility. this property consists of 2 parcels: pi# 24-28-16-187500-051140 and pi# 24-28-16-187500-052130. the adjacent property to the west with 300' of frontage on us hwy 92 e is for sale by a different seller. buy both properties and have 450' of highway frontage. the property is located on us hwy 92 e which is a divided highway with 2 lanes in each direction. a cut in the highway median directly in front of the property makes for easy access from either direction. there is also access at the rear of the property with 150' frontage on peachtree street. multiple i-4 exits are only 5-7 miles as is the new florida polytechnic university. fdot measured annual average daily traffic is 28,000.

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