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    2425 Memorial Blvd Lakeland, FL 33815

    Sponsored
    For Sale
    $850,000

    High-traffic corner lot, 2600 sq ft.

    Property size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 0.92-acre property, located at the highly visible northeast corner of Memorial Boulevard (25,000 vehicles per day) and Chestnut Road in Lakeland, Florida, presents a unique investment opportunity. The 2,600 square foot building, constructed in 1985, sits on a 40,024 square foot lot and is classified as a Class B retail space. Importantly, the property cannot be used as a gas station or convenience store. Its prime location offers excellent frontage and visibility on both streets, benefiting from its proximity to Interstate 4 (less than one mile east with a full interchange) and Kathleen High School (over 2,000 students). A prominent pylon sign on Memorial Boulevard enhances visibility. The asking price is $850,000, translating to $326.92 per square foot. The fee-simple ownership provides complete control and potential for diverse redevelopment options, given its strategic location and high traffic counts. The property's zoning and permitted uses should be independently verified. This presents a compelling opportunity for investors seeking a high-visibility retail space in a densely populated area with significant traffic flow. The property's past use as a gas station and convenience store does not restrict future uses, provided they comply with local zoning regulations.

    Property Features for 2425 Memorial Blvd

    General Information

    Property type
    Automotive properties
    Square Feet
    2,600 SF
    Class
    B

    Building Details

    Year Built
    1985

    HighLights

    • $850,000 asking price for this 2,600 square foot retail property.
    • Located at a signalized hard corner intersection.
    • Less than one mile from Interstate 4's full interchange.
    • Adjacent to Kathleen High School (2,000+ students).
    • Situated on a 0.92‑acre lot with excellent visibility and access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Circle K Convenience Store Lakeland ojo Bed & Breakfast Cardtronics ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.993989525668
    Latitude
    28.054912044641

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    FAQs

    What type of property is this?
    Automotive property - High-traffic corner lot, 2600 sq ft.
    Where is this automotive property located?
    The property is located at 2425 Memorial Blvd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for this 2,600 square foot retail property.; Located at a signalized hard corner intersection.; Less than one mile from Interstate 4's full interchange.
    Request Owner's contact information
    2425 Memorial Blvd Lakeland, FL 33815
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    Lakeland, FL 33815
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    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
    2425 Memorial Blvd Lakeland, FL 33815
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