1224 Olive St Lakeland, FL 33815-4320
This exceptional mixed-use property in Lakeland, Florida, presents a unique investment opportunity. Located at 1224 Olive St, 33815, this building boasts 1,600 square feet of meticulously renovated space, completed in 20223. The property features seven private offices, each equipped with individual mailboxes and secure keypad entry, providing both privacy and security for tenants. An additional room, complete with salon wash bowls, offers versatile functionality as a break room or extra office space. The substantial 11,988 square foot lot provides ample room for expansion, allowing for the addition of more buildings or the expansion of existing structures to accommodate future growth. This property is ideally suited for investors seeking a strong return or entrepreneurs looking to establish a thriving business in a prime Lakeland location. The building's recent renovation ensures modern amenities and low maintenance costs, making it an attractive proposition for a variety of commercial ventures. The property's location in Polk County offers easy access to major transportation routes and a vibrant local economy. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant growth potential. The asking price is $390,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.