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    Lakeland, FL 33815

    For Sale
    $560,000

    Prime location, 2,910 sq ft, 0.5-acre lot. High-traffic corner.

    Property size:
    2,910 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, situated at 1605 W Memorial Blvd in Lakeland, Florida, presents a compelling investment opportunity. Boasting a substantial 2,910 square feet of retail space, this property sits on a sizable 0.5-acre lot, providing ample room for expansion or outdoor amenities. Its prime corner location ensures high visibility and accessibility, making it ideal for a wide range of businesses seeking maximum exposure to potential customers. The property's strategic placement guarantees significant foot traffic and convenient access for both customers and employees. The substantial lot size offers potential for future development or expansion, adding further value to this already attractive offering. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Lakeland location. The asking price of $560,000 reflects the property's significant potential and prime location. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Don't miss out on this chance to secure a high-visibility commercial space in a dynamic and growing market.

    Property Features for

    General Information

    Property type
    Retail properties
    Square Feet
    2,910 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.95425
    Latitude
    28.05532

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    FAQs

    What type of property is this?
    Retail property - Prime location, 2,910 sq ft, 0.5-acre lot. High-traffic corner.
    Where is this retail property located?
    The property is located at Lakeland, FL.
    What is the asking price?
    The asking price for this property is $560,000.
    (321) 939-3748
    Request Owner's contact information
    Lakeland, FL 33815
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lakeland, FL 33815
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