Future Development Parcel - North Lakeland

This is one of the last pieces of an important tract for the commercial redevelopment in the area. This block is the lone residential area in a dense commercial area, surrounded by hotels, restaurants, big box retail and the Lakeland Square Mall. It is one of the busiest areas in Lakeland, 2 minutes from I-4 and US 98, a major artery which runs north and south through Lakeland.

.28 acres of land, with a 1,508 SF home, with a built on addition, used for a construction office. The residential portion of the home is no longer occupied, but has 2 bedrooms, 1.5 baths, and a large kitchen with a traditional family room. Work is needed on the property, but the home could easily be renovated to make a rental home.

In addition, there is an approx. 600 SF storage and workshop in the rear of the property. It suffered some roof damage during the recent hurricanes, but could be put back together. Permits have been pulled for the work to be completed.

Almost all of the homes on the block are rentals, and will inevitably be replaced for commercial development. This property is being sold as is.

• Part of an commercial undeveloped residential block in highly developed area of North Lakeland, surrounded by hotels, restaurants and big box retail.
• This parcel is .28 acres, with a 1,508 SF former single family home. Part of the home is being used as a commercial office, the remainder could easily be renovated and rented.
• Although a single family use is grandfathered, the long term highest and best use is commercial.
• There is currently no official zoning classification - the future land use is RAC or Regional Activity Center, City of Lakeland. Uses include those of O-1 and C-1, which incorporate office and retail uses of various. A new owner would apply for a re-zone.
• Superb location just off of I-4, and next to Lakeland Park Center, which includes several national anchor retailers and restaurants. Hilton has recently built a Home2 Suites directly across the street. The Lakeland Square Mall is just across US 98.
• Property has city water and septic currently.

For more information please visit: Saunders Real Estate