Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    120 Parker St Lakeland, FL 33815

    For Sale
    $475,000

    0.26-acre lot, ideal for redevelopment.

    Property size:
    11,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.26-acre vacant land parcel, located at 120 W Parker Street in Lakeland, Florida, presents a compelling investment opportunity. The property, encompassing 11,308 square feet, is comprised of three combined lots strategically situated off Parker Street, adjacent to Florida Avenue, a location boasting high vehicular traffic. Its prime position within Lakeland's Mid Town CRA district, designated as an Opportunity Zone, significantly enhances its development potential. The property's location near the heart of downtown Lakeland offers unparalleled access to amenities and infrastructure. Given its size and location, this site is well-suited for a variety of development projects, subject to necessary approvals and due diligence. Prospective buyers are encouraged to conduct thorough research and consult with relevant authorities to explore rezoning possibilities and assess the feasibility of their chosen development plan. The asking price for this exceptional property is $475,000. The property's zip code is 33815. Note that this sale includes three combined lots.

    Property Features for 120 Parker St

    General Information

    Property type
    Land
    Square Feet
    11,308 SF
    Lot Size
    11,326 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    12105
    State
    Florida
    Longitude
    -81.9580639
    Latitude
    28.050785

    Nearby Similar for Sale

    • $1,500,000
      3,192 SF

      Turnkey Restaurant and Bakery Opportunity

      Restaurant and bakery in Lakeland, ready for immediate re-opening.
      830 E Main St, Lakeland, FL 33801
      View Details
    • $1,390,000
      8,348 SF

      Lakeland Multifamily Investment Opportunity

      Renovated 12-unit apartment building in Lake Morton Historic District.
      915 E Palmetto St, Lakeland, FL 33801
      View Details
    • $399,999
      2,432 SF

      Lakeland Office Building For Sale

      Office building with new roof and windows, great parking.
      932 Swann Dr, Lakeland, FL 33809
      View Details
    • $595,000
      2,305 SF

      Versatile C-1 Zoned Lakeland Office

      C-1 zoned property with character, function, and long-term potential.
      304 Doris Dr, Lakeland, FL 33813
      View Details
    • $595,000
      2,305 SF

      Versatile Commercial Property in Lakeland

      C-1 zoned property with character, function, and long-term potential.
      304 Doris Dr, Lakeland, FL 33813
      View Details
    • $450,000
      1,177 SF

      Remodeled Restaurant Space in Lakeland

      Turnkey restaurant space with indoor and outdoor seating in Lakeland.
      1349 N Combee Rd, Lakeland, FL 33801
      View Details

    FAQs

    What type of property is this?
    Land - 0.26-acre lot, ideal for redevelopment.
    Where is this land located?
    The property is located at 120 Parker St Lakeland, FL.
    What is the asking price?
    The asking price for this property is $475,000.
    Request Owner's contact information
    120 Parker St Lakeland, FL 33815
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Parker St
    Lakeland, FL 33815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Parker St Lakeland, FL 33815
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.