4515 Florida Ave Lakeland, FL 33813-2121
- Turn key restaurants
- 6,260 SF
- 0.81 lot acres
Current Use by Public Records
- Tsunami’s Teriyaki Grill / Restaurant
- Big Deal Burger / Fast Food Restaurant / Delivery Service
- Dickey's Barbecue Pit / Delivery Service / Takeout Restaurant
- WingHouse Bar & Grill / American Restaurant / Hamburger Restaurant
- GTI Air Conditioning - AC & HVAC Repair & Replacement Company - Maintenance Services Heating & Cooling / Air Conditioning Contractor / Air Conditioning Repair Service
Property Details for 4515 Florida Ave
- Year built
- 1985
- Lot size
- 0.81 lot acres
- Property size
- 6,260 SF
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 232901000000022250
- APU
- 232901000000022250
Description
This exceptional 6,212 square foot vacant restaurant building, constructed in 1985, sits on a 0.81-acre lot in Lakeland, Florida (33813), at 4515 Florida Ave S. The property enjoys a highly desirable location along a major thoroughfare boasting over 42,000 vehicles per day. Its strategic outparcel position within Alamo Plaza benefits from significant foot traffic, with the plaza itself recording over 523,300 visits in the past year. The site's proximity to Lakeland Regional Health, a major Florida hospital system and Polk County's second-largest private employer (7,000+ employees and 700+ medical staff), ensures a substantial and consistent customer base. This prime location is also part of a thriving retail and entertainment area, with over 4.9 million square feet of retail inventory within a three-mile radius. Nearby shopping centers, including Shoppes at Lake Miriam Crossing, Palm Center, and Miriam Square, collectively draw over 5 million visitors annually. Further enhancing its appeal, the property is conveniently located near Lakeland Linder International Airport, a significant economic driver contributing over $1.5 billion annually and supporting approximately 3,000 jobs. The surrounding area also features a dense residential population and numerous schools, with 25,926 households and 11 K-12 schools (7,878 students) within a three-mile radius. This presents a unique opportunity for a restaurant operator to establish a thriving business in a high-traffic, high-visibility location with strong demographics.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,920,000
- 6.5%
- $1,895,000
- 7%
- $1,855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,720,000
- Geo Method
- $2,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,775,000
- Retail
- $1,500,000
- Mixed-Use
- $1,905,000
- Hospitality
- $1,805,000
- Educational
- $1,490,000
- Residential Income
- $1,640,000
- Energy
- $2,010,000
- Income-Based Land
- $1,715,000
- Food Service
- $1,595,000
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9574
- Latitude
- 27.9833
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA