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Property profile

Lakeland, FL 33815

OFF-MARKET
Retail properties & Spaces
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2,910 SF 0.45 ac lot Built 1964

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1964
Total area 2,910 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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