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Last updated on February 10th, 2026

Stunning Downtown Lakefront Commercial Lot

$1,299,000

187 Lake Morton Dr, Lakeland, Florida 33801


Land Size0.56 Acres
ZoningO-1
WaterCity of Lakeland
Traffic Count25,000 on South Florida Ave

We are pleased to present this truly exceptional commercial lot, one of the last of its kind, situated directly on Lake Morton in vibrant downtown Lakeland.

This property has 105 feet of frontage on the lake and is zoned O-1 (City of Lakeland), positioning it as prime real estate for new development. The O-1 classification allows for a variety of uses, including professional office, personal service establishments, and parking.

With precedent established in the immediate area, the potential for rezoning to multifamily use makes this an even more versatile and highly desirable investment.

The lot is within easy walking distance of downtown Lakeland's core, the charming Dixieland neighborhood, both with their wide array of restaurants and retail, and also the scenic Lake Hollingsworth.

Don't miss this rare opportunity to develop on a premier lakefront commercial site.

*The iconic Wilsonian Building and the adjoining duplex to the west are also for sale, please refer to the "Additional Properties" page in the flyer. Contact listing agents for more information.

Highlights

  • .56 AC commercial lakefront lot in downtown Lakeland
  • 105 feet of frontage along Lake Morton Drive
  • Zoned O-1, City of Lakeland. Uses include professional office, personal service establishments, and parking.
  • Formerly a two story law office, but now vacant and ready for new development
  • The pursuit of a multifamily rezone is plausible as the immediate neighborhood is a mix of office and residential
  • 25,000 vehicles per day on South Florida Ave
  • Lake Morton is one of Lakeland's most prestigious lakes, home to natural bird wildlife, including its famous Swans and the annual Mayfaire on the Lake Art Show held every May
  • City of Lakeland water, wastewater and electricity
  • Walking distance to downtown, Dixieland and Lake Hollingsworth
  • Survey and Phase 1 Environmental Report available
  • ** NOTE- there is an ingress/egress access easement, as well as a utility easement to South Florida Ave. Book 05108 Page 1285. More details available.

For more information:https://commercial.saundersrealestate.com/commercial-property-for-sale/187-lake-morton-drive-lakeland-sale/


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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