115 W Myrtle St Lakeland, FL 33815
For Sale
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This exceptional 0.17-acre commercial land parcel, located at 115 W Myrtle St, Lakeland, FL 33815 (APN: 23-28-13-061500-008051), presents a unique investment opportunity. Currently zoned RA-4, the property offers significant potential for redevelopment. The lot measures approximately 62 feet by 119 feet, totaling 7,405 square feet. Its strategic location provides excellent visibility and accessibility, situated near major thoroughfares with high daily traffic counts exceeding 30,000 vehicles. This area boasts a vibrant commercial landscape, making it ideal for a variety of uses, including but not limited to medical facilities, restaurants, or gas stations. The property's designation within an Opportunity Zone further enhances its investment appeal. While the listing focuses on this specific parcel, nearby properties offer additional development possibilities, potentially allowing for combined land acquisition and rezoning. All information should be independently verified with the appropriate authorities. This is a rare chance to acquire a well-positioned commercial lot in a thriving Lakeland location. The asking price is $250,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.