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Industrial Land with Rail Spur
New
For Sale
$949,000

1405 OLIVE Street, Lakeland, FL 33815

Land, LAKELAND, FL

Property SizeContact for details
Lot Size4.08 Acres
Days on Market2

Property Features for 1405 OLIVE Street

General Information

Property type Land
Property subtype Other
Zoning IND
Subdivision WESTGATE SUB
Directions From Sikes Blvd, go West onto Josephine Street. Turn right onto S Central Avenue and left onto Olive Street. The property will be on your right.
Standard status Active
APN 23-28-23-100500-001180
Lot size 4.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description WESTGATE SUB PB 10 PG 23 BLK 1 LOTS 18 TO 37 & BLK 4 LOTS 1 TO 20 & DELAWARE AVE LYING BETWEEN BLK'S 3 & 4 AND COMMERCE ST BETWEEN BLK 1 & 4 AND EXTENDING ELY FROM THE NE COR OF LOT 14 BLK 3 TO ITS INTER WITH ILLINOIS AVE ON THE EAST AND ILLINOIS AVE BETWEEN BLK 1 & 4 EXTENDING SOUTHERLY FROM COMMERCE ST ON THE NORTH TO WEST OLIVE ST ON THE SOUTH LESS BEG SE COR BLK 3 RUN N00-05W 290 FT TO S LN LOT 17 BLK 1 RUN E 5 FT TO SE COR OF SAID LOT 17 RUN S00-05E 290 FT TO WEST OLIVE ST RUN W 5 FT TO POB
Tax Annual Amount 2
Legal Description WESTGATE SUB PB 10 PG 23 BLK 1 LOTS 18 TO 37 & BLK 4 LOTS 1 TO 20 & DELAWARE AVE LYING BETWEEN BLK'S 3 & 4 AND COMMERCE ST BETWEEN BLK 1 & 4 AND EXTENDING ELY FROM THE NE COR OF LOT 14 BLK 3 TO ITS INTER WITH ILLINOIS AVE ON THE EAST AND ILLINOIS AVE BETWEEN BLK 1 & 4 EXTENDING SOUTHERLY FROM COMMERCE ST ON THE NORTH TO WEST OLIVE ST ON THE SOUTH LESS BEG SE COR BLK 3 RUN N00-05W 290 FT TO S LN LOT 17 BLK 1 RUN E 5 FT TO SE COR OF SAID LOT 17 RUN S00-05E 290 FT TO WEST OLIVE ST RUN W 5 FT TO POB

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Water source Public
Listing Agency: COMPASS FLORIDA LLC
Listed By: Adam Smith · License #3330278
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 4 at 3:06PM
MLS# TB8562746

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 4.08-acre industrial parcel is fenced and includes an active CSX rail spur along its rear boundary. A CSX approval letter authorizes upgrades to the existing spur without a permit. The property is currently used in part for outdoor storage, with a towing company leasing approximately one acre; roughly three acres remain available. Electricity is available, and public water and sewer serve the site.

The property is near downtown Lakeland. It was formerly a brownfield site and remains subject to a restrictive covenant. New construction requires approval from the applicable environmental agency. Continued outdoor storage and yard operations are supported in the property’s current condition.

Key Highlights

  • 4.08‑acre industrial parcel
  • Active CSX rail spur at the rear; upgrades authorized by CSX letter without a permit
  • Fenced site with a towing company leasing approximately one acre

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 33815, FL

15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Lakeland, FL

7.6% 2019
4.9% 2020
5.9% 2021
3.8% 2022
6.3% 2023
8.9% 2024
6.7% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - A fenced site with an existing industrial tenant and space for outdoor storage operations.
Where is this industrial land located?
The property is located at 1405 OLIVE Street Lakeland, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4.08‑acre industrial parcel; Active CSX rail spur at the rear; upgrades authorized by CSX letter without a permit; Fenced site with a towing company leasing approximately one acre
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