Versatile Multi-Use Office Building

1329 E MAIN STREET, Lakeland, FL 33801

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For Sale

$315,000

Adaptable office building near downtown, suitable for various business needs.

Type:Commercial/Industrial

Property size:

2,039 SF

Lot size:

0.29 Acres

Price / SF:

$154/SF

HighLights

Versatile multi‑use office building suitable for various business needs.
Convenient location close to downtown.
Ample client parking.
Multiple private offices and a spacious open area with a fireplace.
Full‑size bathroom with shower and a half bath.
Break room with cabinets and sink.

We can help!

Listing Contact

Amanda Wright

For Sale

$315,000

Adaptable office building near downtown, suitable for various business needs.

Type:Commercial/Industrial

Property size:

2,039 SF

Lot size:

0.29 Acres

Price / SF:

$154/SF

Added:: Nov 9, 2024
Days on Market:: 583
Last Refresh:: May 19 at 10:54 pm

Property Features for 1329 E MAIN STREET

General Information

Standard status: Active
Size: 2,039 SF
Lot size: 0.29 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1947

We can help!

Listing Contact

Amanda Wright

Listing agent Amanda Wright License #3385585

Listing office REMAX EXPERTS

Listing date Nov 9, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of REMAX EXPERTS

HighLights

Versatile multi‑use office building suitable for various business needs.
Convenient location close to downtown.
Ample client parking.
Multiple private offices and a spacious open area with a fireplace.
Full‑size bathroom with shower and a half bath.
Break room with cabinets and sink.

Overview

This versatile multi-use office building, with a size of 2039 square feet, is located near downtown. It offers an adaptable setup suitable for a range of business needs, from professional offices to collaborative workspaces. The layout includes multiple private offices and a spacious open area featuring a fireplace. The property includes a single-car garage and ample client parking in front, along with a carport and additional storage spaces. It also features a full-size bathroom with shower in the rear and a half bath upfront for clients. A break room complete with cabinets and a sink is also included. Previously used for office space, this building provides easy access for clients and employees and is ready to accommodate your business vision.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.8k	$21.00
− Vacancy	−$9.4k	−$4.62
EGI	$33.4k	$16.38
− OpEx	−$8.3k	−$4.10
NOI	$25.0k	$12.29

2,039 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$357.8K

$313.1K – $417.5K (±1% cap)

NOI $25,049 @ 7.0% cap · market cap 7.95%

Second Best

—

no second resolved use

Theoretical Best

Office A

$490.0K

$428.7K – $571.7K (±1% cap)

NOI $34,299 @ 7.0% cap · market cap 10.89%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Ring Roofing, Inc. Roofing Company

Suggested Use

Location Insight

Map
Local Demand

City: Lakeland
County: Polk
State: Florida
Longitude: -81.9378
Latitude: 28.0439

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For sale
Office buildings
FL
Lakeland
33801
1329 E MAIN STREET

What type of property is this?

Office building - Adaptable office building near downtown, suitable for various business needs.

Where is this office building located?

The property is located at 1329 E MAIN STREET Lakeland, FL.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Versatile multi‑use office building suitable for various business needs.; Convenient location close to downtown.; Ample client parking.