1815 Crystal Lk Dr Lakeland, FL 33801-5979
This exceptional 15,427-square-foot medical office building, situated on a 0.77-acre lot at 1815 Crystal Lake Drive in Lakeland, Florida (33801), presents a unique investment opportunity. Built in 1959 and renovated in 1997, this Class B property features a two-story structure with one suite encompassing the entire building. The entire 15,427 square feet is currently vacant, offering a blank canvas for a single tenant or the potential for subdivision (minimum divisible space is 4,195 square feet, with a maximum contiguous space of 4,195 square feet). The building includes elevators and is zoned O-1. Its prime location at the corner of Meadowbrook Ave. and Crystal Lake Drive offers convenient access to downtown Lakeland, Bartow, I-4 via the Polk Parkway, and surrounding communities. Lakeland's strategic location in central Florida, coupled with its business-friendly environment, proximity to major transportation routes, and access to a skilled workforce, makes this property an attractive investment. The property's concrete construction and existing medical office configuration make it ideal for a variety of healthcare uses. The APN is 24-28-29-248100-001010. This is a rare opportunity to acquire a fully vacant, sizable medical office building in a desirable Lakeland location.
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Tri County Human Services Charitable Organization Social Service Agency
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Joene G. Sussex, LCSW Foster Care Service Social Service Agency
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Becky Razaire, LMHC Counselor Mental Health Service
) are permitted by right in the RB zoning districts and are Conditional Uses in the MF and O-1 zoning districts. Conditional Uses require Concept Plan review by the Development Review Committee (for more information click here .) Once Concept Plan is done, you will have to apply for a Conditional Use Permit (CUP), which requires a public hearing before the P…
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
O-1 · Lakeland, FL) are permitted by right in the RB zoning districts and are Conditional Uses in the MF and O-1 zoning districts. Conditional Uses require Concept Plan review by the Development Review Committee (for more information click here .) Once Concept Plan is done, you will have to apply for a Conditional Use Permit (CUP), which requires a public hearing before the Planning and Zoning Board and two hearings before the City Commission. If the City Commission approves the CUP application for the duplex, your next step is to apply for a building permit. The fees for a Conditional Use Permit application can be found here: https://www.lakelandgov.net/departments/community-economic-development/planning-zoning/zoningfees/ Duplexes must meet the city’s design criteria (see the “What are the design criteria for a home?” FAQ). I want to split my property into two lots. How do I do that? OR I want to combine my property with another. How do I do that? Subdividing (splitting) and combining property is done by the Polk County Property Appraiser located at 225 N Wilson Avenue in Bartow or at 930 E Parker Street, Suite 272 in Lakeland. You can call them at 863-534-4777 to find out their application process. The City will review your application to make sure everything is legal in regards to the current rules and regulations for lot size, width, etc. I want to build a mother-in-law suite separate from my house. How do I do that? Accessory Dwelling Units (commonly called mother-in-law suites) can only be constructed in the Urban areas of the City of Lakeland. To find out whether your property is in the Urban area, contact the Planner on Demand at 863-834-7526. Section 4.3.2.1 of the Land Development Code has rules and restrictions regarding Accessory Dwelling Units (ADUs), including limits on the size and location. You can find the Land Development Code here: https://library.municode.com/fl/lakeland/codes/land_development_code?nodeId=15775 . ADUs require compatibility approval by the Planning and Zoning Board, and approval by the Historic Preservation Board if the property is located within a Historic District. Section 4.3.2.3of the Land Development Code outlines the approval process for ADUs both inside and outside of Historic Districts. How do I apply for a ______? (Variance, Conditional Use Permit, Zoning Confirmation Letter, Building Permit, etc.) To apply for a zoning action, such as a Conditional Use, Planned Unit Development, ADU, etc.
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.