3800 Us Hwy 98th N Lakeland, FL 33809-3833
- Super regional malls
- 104,892 SF
- 7.61 lot acres
Current Use by Public Records
- Zumiez / Sunglasses Store / Watch Store
- JCPenney / Clothing Store / Shoe Store
- rue21 / Clothing Store / Men'S Clothing Store
- Champs Sports / Shoe Store / Clothing Store
- Hot Topic / Clothing Store / Fashion Accessories Store
Property Details for 3800 Us Hwy 98th N
- Year built
- 1994
- Lot size
- 7.61 lot acres
- Property size
- 104,892 SF
- Zone code
- C-5
- Property type
- Super regional malls
- APN
- 232735000000012120
- APU
- 232735000000012120
Description
This exceptional 155,276-square-foot vacant retail building, formerly a Sears, is situated on an 11.57-acre lot at Lakeland Square Mall in Lakeland, Florida (33809). The property, built in 1988 and boasting a Class B designation, offers significant redevelopment potential. Its prime location near Interstate 4 and Highway 98 provides unparalleled access and visibility, with convenient connectivity to the rest of the mall and signalized intersections on Hwy 98. This strategic position between Tampa and Orlando makes it a gateway to Central Florida's thriving market. Currently zoned C-5, the property presents numerous possibilities, including continued use as retail space (convenience store, grocery store, or shopping center), or, with a zoning change, conversion to apartments or self-storage. The asking price is $10,900,000, translating to $70.20 per square foot. The property's size, location, and vacant status create a unique value-add investment opportunity. Detailed zoning guidelines are available upon request. The parcel number is 232735000000012020.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,495,000
- 6.5%
- $1,655,000
- 7%
- $1,435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,360,000
- Geo Method
- $1,470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,340,000
- Retail
- $1,300,000
- Mixed-Use
- $1,710,000
- Hospitality
- $1,430,000
- Educational
- $1,400,000
- Residential Income
- $1,480,000
- Energy
- $1,425,000
- Income-Based Land
- $1,370,000
- Food Service
- $1,695,000
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9795
- Latitude
- 28.0922
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
