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Renovated Mixed-Use Property
For Sale
Contact for pricing
Pending

229 N Tennessee Ave, Lakeland, FL 33801

Fully leased downtown asset combining office, retail, and residential space with distinctive architectural finishes.

Property Size8,712 SF
Days on Market142

Property Features for 229 N Tennessee Ave

General Information

Standard status Pending
Size 8,712 SF
Net Rentable 8,478 SF
Property subtype Mixed Use, Office
Zoning C-7
Occupancy 100%

Units

Multifamily Units 3
Office Units 3

Additional Details

Highway Access Yes

Building Details

Year Built 1915
Year Renovated 2005
Buildings 1
Stories 2
Building Size 8,712 SF
Tenancy Multi
Listing Agency: The Ruthvens
Listed By: Alex Delannoy, SIOR · License #SL3308306
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 5:17AM

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 The Ruthvens

Investment Insights

Based on property information with market context.

This mixed-use property contains 8,712 square feet gross and 8,478 rentable square feet within a building substantially rebuilt in 2005. The lower level includes three office suites and a retail unit, with open ceilings, exposed air ducts, exposed brick, and glass storefronts. The upper floor has three walk-up apartments, each measuring 1,200+ square feet and featuring open rafter ceilings, skylights, exposed ductwork, exposed brick, and open kitchens. The property is fully leased and zoned C-7.

Originally constructed in 1915 as a carriage house, the building retains its historic exterior walls while incorporating the 2005 reconstruction. It is positioned in downtown Lakeland’s central business district, near restaurants, entertainment, parks, walking areas, city offices, banks, retail, and nightlife. Access to the Polk Parkway and I-4 provides connections toward Orlando and Tampa.

Key Highlights

  • 8,712 SF gross area and 8,478 rentable SF
  • Fully leased mixed‑use property with office, retail, and residential components
  • Three office spaces and one retail unit on the lower level

Property Analytics

Current Use

Smart Properties Management, ... Property Management Company Robert Sanders | Keller ... Real Estate Agency Plain Sight Strategy ... Consultant Our Loft Condominium Complex

Suggested Use

Top Pick Storage Facility Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Wine and Liquor Store Grocery & Convenience 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.

Lease Details

3
Office units
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,461
Businesses Nearby

Demographics for 33801, FL

36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully leased downtown asset combining office, retail, and residential space with distinctive architectural finishes.
Where is this mixed-use property located?
The property is located at 229 N Tennessee Ave Lakeland, FL.
What are key features of this property?
This property features: 8,712 SF gross area and 8,478 rentable SF; Fully leased mixed‑use property with office, retail, and residential components; Three office spaces and one retail unit on the lower level
More about this property
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