3437 Florida Ave Lakeland, FL 33803-4753
- Turn key restaurants
- 4,895 SF
- 0.75 lot acres
Current Use by Public Records
- Emergency Dentist 24/7 Lakeland / Emergency Dental Service
- Hooters / Sports Bar / Chicken Restaurant
Property Details for 3437 Florida Ave
- Year built
- 1984
- Lot size
- 0.75 lot acres
- Property size
- 4,895 SF
- Zone code
- C-4
- Property type
- Turn key restaurants
- APN
- 232836000000021020
- APU
- 232836000000021020
Description
This exceptional 4,623-square-foot retail space, situated on a 0.75-acre lot at 3437 Florida Ave S in Lakeland, Florida, presents a unique opportunity for restaurant entrepreneurs. The single-tenant building, constructed in 1984 and renovated in 2006, is currently vacant and ready for immediate occupancy. Its strategic location as a Walmart outparcel in Polk County ensures high visibility and significant foot traffic. The property boasts a C-4 zoning classification, ideal for a variety of restaurant uses, including coffee shops and cafes. The building is a single-story structure offering ample space for a full-service restaurant or a fast-casual establishment. With its convenient location, substantial square footage, and recent renovations, this property offers a turnkey solution for establishing a thriving restaurant business. The address is 3437 Florida Ave S, Lakeland, FL 33803. The property's convenient location and ample space make it an ideal investment for those seeking a high-traffic, high-visibility location in a thriving community. The property is zoned C-4, allowing for a variety of restaurant uses. This is a rare opportunity to acquire a well-located, ready-to-occupy restaurant space in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,450,000
- 6.5%
- $2,185,000
- 7%
- $2,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,570,000
- Geo Method
- $2,195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,390,000
- Retail
- $2,490,000
- Mixed-Use
- $2,695,000
- Hospitality
- $2,240,000
- Educational
- $2,560,000
- Residential Income
- $2,260,000
- Energy
- $2,650,000
- Income-Based Land
- $3,030,000
- Food Service
- $3,045,000
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9574
- Latitude
- 28.0015
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
