120 Main St Lakeland, FL 33815-1552

This exceptional value-add opportunity presents a two-story, 6,300-square-foot mixed-use building situated in the heart of Downtown Lakeland, Florida. Currently 50% occupied, this property offers significant upside potential through leasing the vacant second floor. The building boasts a strong anchor tenant, Fidelity National Financial, a Fortune 500 company, occupying 25% of the space. All leases are NNN, meaning tenants cover common area maintenance, insurance, and taxes. First-floor tenants enjoy separate entryways and prominent street signage on East Main Street, a high-traffic location with over 24,700 vehicles per day passing nearby. Built in 1910 and renovated in 1995, this property sits on a 0.08-acre lot and offers ample street parking and proximity to public parking lots. The building's prime downtown location provides easy access to Lake Mirror and other downtown amenities. Lakeland's thriving economy, coupled with Florida's favorable tax environment and a growing population (projected 8% increase within 5 miles by 2027), makes this a compelling investment. The property's current Net Operating Income (NOI) is $46,758, yielding a 5.22% cap rate, and is offered at an asking price of $895,000. This is a rare chance to acquire a well-located, multi-tenant property with substantial growth potential in a rapidly developing market.