Two-Unit Storefront
New
For Sale
$649,000
2518 S FLORIDA Avenue, Lakeland, FL 33803
Commercial Sale, LAKELAND, FL
Property Size2,030 SF
Lot Size0.05 Acres
Price / SF$319.70
Days on Market1
Property Features for 2518 S FLORIDA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Window features
Tinted Windows, Blinds
Appliances
Microwave, Refrigerator
Subdivision
CLEVELAND HEIGHTS
Lot features
Corner Lot, Curb and Gutters, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved
Directions
Head south thru Downtown Lakeland and property will be on the left, directly across from Southgate Publix.
Standard status
Active
APN
24-28-30-254800-010080
Size
2,030 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
H A STAHL FLORIDA PROPERTIES COS CLEVELAND HEIGHTS UNIT NO 1 PB 8 PGS 26 TO 28 BLK A LOT 8
Tax Annual Amount
5193
Legal Description
H A STAHL FLORIDA PROPERTIES COS CLEVELAND HEIGHTS UNIT NO 1 PB 8 PGS 26 TO 28 BLK A LOT 8
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
exposed ceilings
detailed carpentry work
lobby
6 offices
1 large conference room
small kitchen area
bathroom
storage room
storage closet
additional storage room with drop down stairs
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Membrane
Listing Agency:
REMAX EXPERTS · RE/MAX International
(863) 802-5262
Listed By:
Kris Snyder · License #3361696
(863) 333-1570
Added: Oct 7
Last Checked: Oct 7 at 11:06PM
MLS# L4965625
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.
Investment Insights
Based on property information with market context.
This two-unit storefront property in Lakeland includes a front space with six offices, a conference room, lobby, kitchen area, bathroom and storage. The front unit was remodeled in 2020, including electrical work and a new AC system. The rear unit is tenant-occupied; it received partial rewiring and a new AC system in 2020. The roof was also replaced that year.
The property is directly across from Southgate Publix, with reported daily traffic of approximately 34,000 vehicles. It is zoned C-2. Public water and sewer service are available.
The property is directly across from Southgate Publix, with reported daily traffic of approximately 34,000 vehicles. It is zoned C-2. Public water and sewer service are available.
Key Highlights
- Front space has six offices, a conference room, lobby, kitchen area, bathroom and storage
- Front unit remodeled in 2020 with new electrical and AC systems
- Tenant‑occupied rear unit received partial rewiring and a new AC in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,797
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,940
$455.9K
Cap Rate 7%
$325,671
$325.7K
Cap Rate 9%
$253,300
$253.3K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$35.3K $17.40/SF
− Vacancy
−$2.8K −$1.36/SF
EGI
$32.6K $16.04/SF
− OpEx
−$9.8K −$4.81/SF
NOI
$22.8K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,940
Cap Rate 7%
$325,671
Cap Rate 9%
$253,300
Alternative Uses
Best Use
Retail
$325.7K
$285.0K – $380.0K
NOI $22,797 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.8K
$426.9K – $569.1K
NOI $34,148 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
221k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 21%
Shops & Services 18%
Apparel 7%
Publix
Groceries
42,666 visits/mo
0.2 miles
McDonald's
Dining
30,566 visits/mo
0.2 miles
Starbucks
Dining
21,002 visits/mo
0.1 miles
Michaels
Shops & Services
16,075 visits/mo
0.2 miles
Crowder Bros. Ace Hardware
Home Improvements & Furnishings
14,465 visits/mo
0.2 miles
Demographics for 33803, FL
29,082
Population
15,086
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
1,752
Density / Sq Mi
$63,180
Median Household Income
$40,358
Median Earnings
$1,337
Median Rent
$236,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning accompanies separate front and rear spaces, with one vacant and one tenant-occupied.
Where is this storefront property located?
The property is located at 2518 S FLORIDA Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Front space has six offices, a conference room, lobby, kitchen area, bathroom and storage; Front unit remodeled in 2020 with new electrical and AC systems; Tenant‑occupied rear unit received partial rewiring and a new AC in 2020
