230 Kentucky Ave Lakeland, FL 33801-4963

Property Details for 230 Kentucky Ave

Year built

1920

Lot size

0.10 lot acres

Property size

3,969 SF

Zone code

C-7

Property type

Retail space

APN

242818201000006091

APU

242818201000006091

Description

This exceptional 12,535 square foot mixed-use building presents a unique investment opportunity in the heart of Lakeland's vibrant downtown. Completely renovated in 2017, this freestanding property boasts a prime location within the city's bustling business and shopping district. The building is currently 100% leased, generating substantial income through long-term triple net (NNN) leases with established tenants. The ground floor houses a thriving retail store, while a nationally recognized firm occupies the second floor. The third and fourth floors comprise a luxurious residential space, currently occupied by a tenant/owner who may consider a leaseback arrangement. This remarkable residence features a three-car garage at street level and a unique fourth-floor amenity space – a she shed/man cave complete with a prep kitchen and a rooftop deck including a hot tub. The rooftop deck offers unparalleled views of downtown events, including the spectacular fireworks displays over Lake Mirror. This property offers a compelling blend of commercial income and exceptional residential living, making it an ideal investment in one of Florida's fastest-growing and most desirable communities. The 0.1-acre lot provides convenient access and visibility. This is a rare chance to acquire a fully operational, high-income-producing asset in a thriving urban center.

Location Insight

City

Lakeland

County

Polk

State

Florida

Longitude

-81.9554

Latitude

28.0463

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments