3308 Cleveland Heights Blvd Lakeland, FL 33803
- Office buildings
- 5,394 SF
- 1.36 lot acres
Current Use by Public Records
- Vecchio Thomas P / Law Firm
- Vecchio Carrier & Feldman / Law Firm
- Mason A. Pokorny / Law Firm
Property Details for 3308 Cleveland Heights Blvd
- Year built
- 1982
- Lot size
- 1.36 lot acres
- Property size
- 5,394 SF
- Zone code
- C-1
- Property type
- Office buildings
- APN
- 242831261000000361
- APU
- 242831261000000361
Description
This exceptional two-story office building, totaling 11,637 square feet, is situated on a 1.35-acre lot in Lakeland, Florida, boasting a desirable location on Cleveland Heights Boulevard, overlooking a golf course and trail. The property, built in 1982 and renovated in 2005, offers a Class B designation and features 5 suites, with a minimum divisible space of 654 square feet and a maximum contiguous space of 11,637 square feet. Currently, 7,990 square feet are vacant, presenting a significant opportunity for lease. The building includes convenient amenities such as an elevator and ample parking with 58 spaces. Its strategic location near Polk Parkway provides easy access to Tampa, Orlando, and Winter Haven. The property benefits from high visibility, with signage opportunities and exposure to 16,700 cars daily. The versatile space is suitable for various uses, including general office, medical, corporate headquarters, call centers, back-office operations, or non-profit organizations. A prime example is Suite 102, a 2,530-square-foot space featuring two large private offices/conference rooms, two open offices, a spacious open area, two restrooms, and a cafeteria. The surrounding area offers a wealth of amenities, including hotels, restaurants, retail establishments, fitness centers, banks, and coffee shops. The property's zoning is C-1, and it's situated within a strong demographic area, less than 15 minutes from downtown Lakeland, I-4, Plant City, Bartow, Mulberry, County Line Road, Auburndale, and west Winter Haven.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,180,000
- 6.5%
- $1,085,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,179,000
Market price range: $403k - $1.18M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,480,000 Current use
- COMMERCIAL (GENERAL)
- $1,395,000 Change: -6% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,335,000 Change: -10% Conversion: Difficult
- MEDICAL BUILDING
- $1,325,000 Change: -10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9483
- Latitude
- 28.0037
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA