0 Pipkin Rd, Lakeland, FL 33811
This exceptional 3.22-acre commercial parcel is situated at the intersection of West Pipkin Road and Medulla Road in Lakeland, Florida, offering unparalleled potential for a variety of commercial ventures. Located within the rapidly expanding Southwest Lakeland market, this property benefits from its proximity to the new Riverstone subdivision and the influx of approximately 2,000 proposed residential and multi-family units within a one-mile radius. The recent acquisition of adjacent land for a future public park further enhances the desirability of this location. Access via West Pipkin Road, a major artery providing convenient access to major highways, adds to its appeal, despite the intersection currently lacking traffic signals. The property's Future Land Use designation is Business Park (FLU: Business Park), which allows for a range of zoning possibilities, including O-1, O-2, O-3, C-1, C-2, I-1, and I-2, accommodating retail, office, or special uses such as schools and churches. The asking price is $2,000,000, translating to $621,118 per acre. The property's APN is 232908000000021010. This is a remarkable opportunity to capitalize on the significant growth and development occurring in this dynamic area of Lakeland. Road expansion is underway, further enhancing accessibility and value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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