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Lakeland Retail Opportunity on US-98
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3800 US Hwy 98 N, Lakeland, FL 33809

Spacious retail property in Lakeland's key commercial corridor.

Property Size104,892 SF
Price / SF$56.25
Days on Market196

Property Features for 3800 US Hwy 98 N

General Information

Standard status Active
Size 104,892 SF
Property subtype Retail
Zoning C-5

Building Details

Year Built 1994
Listing Agency: Saunders Real Estate
Listed By: Lauren Smith, CCIM, CPM · License #FLBK3235233
Source: Crexi
Added: Mar 17 Changed: Aug 8 Last Checked: Jul 30 at 6:55AM

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 Saunders Real Estate

Investment Insights

Based on property information with market context.

Located at 3800 US Highway 98 N, Lakeland, FL 33809, this expansive property is suited for a variety of retail concepts. The site offers a spacious layout and modern design, providing an ideal space for businesses looking to establish or expand their presence in a growing market. The property has prominent visibility, versatile space for customization, and convenient access from US Highway 98 and Interstate 4. It is positioned to support a wide range of retail uses in one of Lakeland’s key commercial corridors. Lakeland Square Mall is the dominant regional shopping destination in Lakeland, strategically positioned along U.S. Highway 98 with direct access to I-4, drawing from both the Lakeland and greater Polk County markets. The center benefits from strong daily traffic and a diverse tenant mix anchored by Dillard’s, JCPenney, Cinemark Theatres, and Urban Air Trampoline Park complemented by national retailers such as Victoria’s Secret, Bath & Body Works, Foot Locker, Champs Sports, and Kay Jewelers. Outparcels and nearby pads are occupied by high-profile brands including Rooms to Go, Red Lobster, Buffalo Wild Wings, and Chili’s, further enhancing customer draw. The property is well positioned to capture steady retail demand from surrounding residential growth and commuter traffic between Tampa and Orlando. Lakeland’s expanding population, coupled with new residential and commercial developments, reinforces the Mall’s role as the region’s primary shopping, dining, and entertainment hub. The property size is 104892 square feet.

Key Highlights

  • Prime location with direct access to US Highway 98 and Interstate 4.
  • Located within the Lakeland Square Mall, a dominant regional shopping destination.
  • High visibility and versatile space** suitable for customization.

Property Analytics

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Current Use

Zumiez Clothing Store JCPenney Department Store rue21 Clothing Store Champs Sports Clothing & Fashion Store Hot Topic Clothing Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Storage Facility Auto Parts 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

686
Businesses Nearby
839k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 29% Dining 22% Shops & Services 17% Superstores 16%
Target Superstores
116,716 visits/mo 0.5 miles
T.J. Maxx Apparel
56,829 visits/mo 0.5 miles
Cinemark Lakeland Square Mall and XD Leisure
51,953 visits/mo 0.2 miles
DICK'S Sporting Goods Apparel
45,515 visits/mo 0.5 miles
Dillard's Apparel
44,455 visits/mo 0.1 miles

Demographics for 33809, FL

30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Market Square Shopping Center — 3179 US Hwy 98 N, Lakeland, FL 33805
  • Proactiv Kiosk — 3800 US-98, Lakeland, FL 33809
  • Sunglass Hut — 3800 US-98, Lakeland, FL 33809
  • The Hobby Box, Pokémon and Sports Cards Vending Machine @LakelandSquareMall — 3800 US Hwy 98 N, Lakeland, FL 33809
  • Lakeland Square Mall — 3800 US Hwy 98 N, Lakeland, FL 33809

Frequently Asked Questions

What type of property is this?
Shopping center - Spacious retail property in Lakeland's key commercial corridor.
Where is this shopping center located?
The property is located at 3800 US Hwy 98 N Lakeland, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Prime location with **direct access to US Highway 98 and Interstate 4**.; Located within the **Lakeland Square Mall, a dominant regional shopping destination**.; High visibility and versatile space** suitable for customization.
More about this property
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