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Property profile

0 Pipkin Rd Lakeland, FL 33811

OFF-MARKET
Retail properties & Spaces
3.22 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 3.22 ac (140,263 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Pipkin Rd Lakeland, FL 33811
Lakeland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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