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Property profile & analytics
OFF-MARKET
Bars & Pubs

119 Patterson St Lakeland, FL 33803

748 SF 1.5 ac lot Built 1973
Entity Owned 19-yr Hold Free & Clear
Property ID
US18-3027544
Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1973
Total area 748 SF
Lot 1.5 ac (65,253 SF)
Zoning code RA-4
APN 232824117500029040
UPID US18-3027544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Dixieland Ptshp LLC · 19 yrs held
Dixieland Ptshp LLC
since 2006
7 recorded transactions
2006
Price N/A
2006
Price N/A
2006
$2.3M
2005
$65,900
2005
Price N/A
2004
$650,000
1998
Price N/A
Zoning & alternative use
RA-4 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Duplexes are not allowed in the Single-family residential zoning districts (RA-1, RA-2, RA-3 or RA-4). Duplexes (called Two-Family in the City’s Land Development Code, which can be found here: https://library.municode.com/fl/lakeland/codes/land_development_code?nodeId=15775 ) are permitted by right in the RB zoning districts and are Conditional Uses in the M…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 1,757.32 ac
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