5383 Florida Ave, Lakeland, FL 33813-4912
- Grocery and convenience stores
- 6,100 SF
- 0.92 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 5383 Florida Ave
- Year built
- 1980
- Lot size
- 0.92 lot acres
- Property type
- Grocery and convenience stores
- APN
- 232912000000024100
- APU
- 232912000000024100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 10, 2026 | — | Sun Raise Corporation | — | Deed · related | $515k · Valley National Bank NA |
| Jan 24, 2008 | $1,170,000 | Land Of Rabbit LLC | Weiss Dorothy M Trust | Quit Claim Deed · related | — |
Description
This exceptional retail investment opportunity presents a 6,380 square foot Citgo gas station situated on a 0.92-acre lot at 5383 S Florida Avenue in Lakeland, Florida. The property enjoys a highly desirable location at the northwest corner of Highway 37 South (South Florida Avenue) and School House Road, offering unparalleled visibility and accessibility. Currently operating under a short-term lease, this property presents a unique chance for investors seeking a strong return. Its strategic placement directly across from a Wawa convenience store ensures consistent high traffic flow and customer exposure. The substantial lot size provides ample space for potential expansion or redevelopment, catering to a variety of future commercial uses. The property's prime location and existing infrastructure make it an attractive proposition for savvy investors looking to capitalize on a thriving retail market. The asking price is $1,600,000. Please note that direct communication with the current tenant is strictly prohibited. All inquiries should be directed through the appropriate channels. This is a rare opportunity to acquire a well-positioned retail property in a rapidly growing area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,320,000
- 6.5%
- $1,220,000
- 7%
- $1,135,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $782,000
Market price range: $372k - $847k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,120,000 Current use
- COMMERCIAL (GENERAL)
- $1,575,000 Change: +41% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,510,000 Change: +35% Conversion: Difficult
- MEDICAL BUILDING
- $1,500,000 Change: +34% Conversion: Difficult
- RETAIL STORES
- $1,135,000 Change: +1% Conversion: Easy
- OFFICE BUILDING
- $1,005,000 Change: -10% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9651
- Latitude
- 27.968
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
