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Gelfand Realty Miami Properties - Retail

5523 US HWY 98 N, LAKELAND, FL 33809

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Retail -

5523 US HWY 98 N, LAKELAND, FL 33809

Sold Price$490,000 Asking Price$500,000

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  • Days on market:

    14 day(s)
  • Original Price:

    $500,000
  • Price per sqft:

    $192.01
  • Tax Legal Description:

    HALES RESUBDIVISION PB 42 PG 18 BLK A LOT 1 N 75 FT LESS R/W FOR US 98
  • Tax Year:

    2017
  • Property Type:

    Retail
  • Parking:

    6 to 12 Spaces
  • Lease Term Remaining:

    3 to 5 Years
  • Construction Type:

    Block
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot

Description

$500,000 • living size area 2604 sqft

Location is the key word! corner parcel with highway frontage and 60,000 trips per day mol. take your pick! use one side as an office and the and lease out the other side. or use 2604 square feet of office space for your growing business. this is a block building with 12 parking spaces, id sign and plenty of wall signage. office frontage facing us highway 98 north. the building currently has two addresses with two separate leases. the interior is one office space, kitchenette and one restroom each. two newer a/c units and newer roof. current lease with $38,280 net income with 7% cap rate.

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