5216 Florida Ave Lakeland, FL 33813
- Turn key restaurants
- 9,366 SF
- 1.41 lot acres
Current Use by Public Records
- Roofers of Lakeland FL / Roofing Contractor
Property Details for 5216 Florida Ave
- Year built
- 1986
- Lot size
- 1.41 lot acres
- Property size
- 9,366 SF
- Property type
- Turn key restaurants
- APN
- 232912000000024200
- APU
- 232912000000024200
Description
This exceptional, Class A, 3,870 square foot retail and office building, constructed in 2023, presents a unique investment opportunity. Located on S Florida Ave, the property boasts 175 feet of prime road frontage, ensuring high visibility and accessibility. The single building comprises 53 individual suites, offering flexibility for various tenants. A significant feature is the inclusion of a 1,400 square foot drive-thru Dunkin' Donuts, already secured. An additional 2,470 square feet of adjacent space is currently available for lease, ideal for retail or office use. Future development plans include a second free-standing building with 2,550 square feet of space. Ample parking is provided with 53 spaces and multiple convenient access points. The 1.41-acre lot provides ample space for expansion and maneuvering. This property is situated in a high-traffic area, offering excellent potential for strong returns. The building's modern design and prime location make it an attractive option for a variety of businesses. The property's multiple suites and ample parking cater to a diverse range of tenants, maximizing rental income potential. This is a rare opportunity to acquire a brand-new, high-quality commercial property in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,385,000
- 6.5%
- $1,410,000
- 7%
- $1,270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,165,000
- Geo Method
- $1,510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,455,000
- Mixed-Use
- $1,440,000
- Hospitality
- $1,560,000
- Educational
- $1,630,000
- Residential Income
- $1,325,000
- Energy
- $1,345,000
- Income-Based Land
- $1,590,000
- Food Service
- $1,310,000
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9616
- Latitude
- 27.9709
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
