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Two-Story Office Building
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5421 US Hwy 98 S, Lakeland, FL 33812

Concrete construction and six suites support either multi-tenant occupancy or a single-user office configuration.

Property Size16,229 SF
Days on Market141

Property Features for 5421 US Hwy 98 S

General Information

Standard status Active
Size 16,229 SF
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 6

Building Details

Year Built 1959
Buildings 1
Stories 2
Building Size 16,229 SF
Construction concrete
Listing Agency: Broadway Real Estate Services
Listed By: Jack Strollo · License #Florida BK698301
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 4:24PM

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 Broadway Real Estate Services

Investment Insights

Based on property information with market context.

This 16,229-square-foot office building provides two levels of commercial space within a durable concrete structure constructed in 1959. The layout includes six individual suites, while also allowing for occupancy by one user. The property is located within Lakeland city limits and is designated as part of an enterprise zone.

Positioned in central Lakeland, the property offers access to Bartow and downtown Lakeland. Polk Parkway is only minutes away, providing connections to I-4 and surrounding communities. Lakeland’s location between Tampa and Orlando supports access to major Central Florida markets, while nearby Florida Southern College and Polk State College contribute to the area’s educational resources.

Key Highlights

  • 16,229‑square‑foot office building on two floors
  • Constructed in 1959 with concrete construction
  • Six individual office suites with single‑user occupancy potential

Property Analytics

Current Use

Cottrell Signs (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Gym & Fitness Center Kitchen & Bath Showroom Dental Office

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

6
Office units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby

Demographics for 33812, FL

14,907
Population
5,516
Households
2.7
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
1,537
Density / Sq Mi
$100,569
Median Household Income
$48,694
Median Earnings
$1,520
Median Rent
$335,000
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?
Office building - Concrete construction and six suites support either multi-tenant occupancy or a single-user office configuration.
Where is this office building located?
The property is located at 5421 US Hwy 98 S Lakeland, FL.
What are key features of this property?
This property features: 16,229‑square‑foot office building on two floors; Constructed in 1959 with concrete construction; Six individual office suites with single‑user occupancy potential
(863) 683-3425 Call to check price and availability
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