429 W Myrtle St Lakeland, FL 33815
For Sale
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This 0.09-acre commercial land parcel, located at 429 W Myrtle St in Lakeland, Florida (zip code 33815), presents a unique investment opportunity. The property, with APN 23-28-13-062500-00502, is zoned RA-4 and boasts excellent visibility and accessibility from US 92 and George Jenkins Blvd. Situated on a 50x80 foot lot (3920 square feet), this land benefits from its location at the intersection of George Jenkins Blvd and Martin Luther King Jr. Ave (SR 563/US 92), experiencing high daily traffic counts exceeding 30,000 vehicles. The property's location within an Opportunity Zone offers potential for rezoning, particularly when considering combined development with adjacent underdeveloped parcels. All information should be independently verified with the appropriate authorities. Asking price is $110,000. This property is ideal for investors seeking high-traffic exposure and potential for future development in a thriving Lakeland location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.