6645 Florida Ave Lakeland, FL 33813
- Retail space
- 41,034 SF
- 4.94 lot acres
Current Use by Public Records
- Florida Insurance Services Central Florida / Insurance Agency / Auto Insurance Agency
- L.A. Gentlemen's Cuts / Barber Shop
- Copy World / Pharmacy
- Tailored Fit Massage / Massage Therapist
- All Direction Movers / Mover
Property Details for 6645 Florida Ave
- Year built
- 2006
- Lot size
- 4.94 lot acres
- Property size
- 41,034 SF
- Property type
- Retail space
- APN
- 232923000000021090
- APU
- 232923000000021090
Description
The Shoppes of Christina, a prime retail investment opportunity in Lakeland, Florida, presents a compelling proposition for discerning investors. This established neighborhood center comprises three single-story buildings totaling 36,314 square feet, situated on a 6.57-acre lot. Currently, there is 7,000 square feet of vacant space available, presenting a unique chance to expand existing businesses or attract new tenants. Built in 2006, the property boasts ample parking with approximately 311 spaces, ensuring convenient access for customers. Strategically located on South Florida Avenue, a major north/south thoroughfare, the center benefits from high visibility and significant traffic, averaging 35,500 vehicles daily. Its location within Lakeland's most affluent zip code, coupled with its proximity to a new multi-family development on Century Avenue, promises strong growth potential and a robust customer base. The property's three buildings create a cohesive commercial center, offering flexibility for a variety of retail uses. The parcel's APN numbers are 232923000000021090 and 232923000000021140, located in Polk County. This exceptional retail center offers a rare opportunity to acquire a well-positioned asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,050,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,465,000
- 6.5%
- $5,395,000
- 7%
- $5,635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,705,000
- Geo Method
- $5,255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,820,000
- Retail
- $5,585,000
- Mixed-Use
- $5,575,000
- Hospitality
- $5,285,000
- Educational
- $6,190,000
- Residential Income
- $5,775,000
- Energy
- $5,405,000
- Income-Based Land
- $6,260,000
- Food Service
- $6,115,000
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9742
- Latitude
- 27.9441
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA