Investor or Owner User Opportunity w/Tenants

Investor or potential owner/user opportunity. Located just off of South Florida Ave near Southgate Shopping Center, we are pleased to present this fully leased retail/office building on Allamanda Drive.

Comprising 2,150 SF, the property currently collects $44,000 per year in rent PLUS another $6,400 in yearly expenses charged back to the tenants.

Each space is approx. 1,075 SF - the current tenants are a mattress retailer and pet groomer. The pet groomer has a front reception area, with a separate grooming area just off of the reception area. The remaining area is a work space, pet holding room, laundry, office and bathroom. The mattress retailer space is open by appointment, with flex offices and a bathroom in the rear of the space.

The property is zoned C-2, City of Lakeland. This zoning allows for a wide variety of uses, including retail, office, restaurant and many others.

• 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.
• Tenant # 1 is an established dog grooming business. Their space consists of 1,075 SF with reception, and several working spaces.
• Tenant # 2 is a mattress retailer, who currently works by appointment only.
• Owner collects $44,000 in annual income, and charges back almost all CAM in the amount opf $6,444 per year.
• Capitalization rate is 7.5%
• City of Lakeland - electric, water and sewer.
• Property taxes - $3,193
• Leases available. Clean environmental report available.

For more information please visit: Saunders Real Estate