425 Central Ave Lakeland, FL 33815-4338

This exceptional investment opportunity presents a 6,564 square foot Class A shopping center located at 425 S Central Ave, Lakeland, FL 33815. The property, situated on a 0.55-acre lot, consists of a single-story building constructed in 1979 and extensively renovated in 2023. Currently operating at 83% occupancy with two tenants, including a gas station and convenience store, the property boasts four gas pumps under a large canopy, ample parking, and excellent street frontage with dual points of entry and exit. The current Net Operating Income (NOI) is $81,000, with a pro-forma NOI projected at $125,000. The property features four units and is zoned 1174. The existing gas station and convenience store provide a stable income stream, while the vacant space offers significant potential for additional rental income or owner-user occupancy. The property benefits from its corner location in a high-demand area surrounded by residential neighborhoods, warehouses, and other thriving businesses. State funding is currently being processed to address existing property issues. This is a multi-tenant, gross lease property with an occupancy date of July 30, 1995. The property's strong location and potential for increased NOI make it an attractive investment for both seasoned and new investors. The APN is 23-28-23-108700-007011.