187 Lake Morton Dr, Lakeland, FL 33801

This commercial lot is situated directly on Lake Morton in downtown Lakeland, offering 105 feet of frontage on the lake. Zoned O-1 by the City of Lakeland, the property is suitable for new development. The O-1 classification permits various uses, including professional offices, personal service establishments, and parking. Given the surrounding area, rezoning for multifamily use is a possibility, potentially increasing its investment appeal. The lot is conveniently located within walking distance of downtown Lakeland, the Dixieland neighborhood, and Lake Hollingsworth, providing easy access to restaurants and retail options. The property is zoned O-1/UCO (Low Impact Office/Urban Corridor), allowing professional and medical office uses by right, as well as multi-family and single-family attached residential uses (townhomes). Under the Residential High Future Land Use (FLU) designation and the O-1 zoning, multi-family residential uses could be developed at a maximum intensity of 75 DU/acre and a maximum height of 55 feet. The site, formerly occupied by a two-story law office, is now vacant and ready for development. The immediate neighborhood features a mix of office and residential properties. Lake Morton is home to natural bird wildlife, including its famous Swans, and hosts the annual Mayfaire on the Lake Art Show. City of Lakeland provides water, wastewater, and electricity services. An ingress/egress access easement and a utility easement to South Florida Ave are in place, as documented in Book 05108 Page 1285. Traffic volume on South Florida Ave is 25,000 vehicles per day. A survey and Phase 1 Environmental Report are available.