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    FOR SALE
    Churches & religious facilities

    541 S Florida Ave Lakeland, FL 33801

    23,700 SF Built 1925
    Property ID
    US18-2640760
    541 S Florida Ave, Lakeland, FL 33801 For Sale 1 / 80
    $4,750,000 23,700 SF
    541 S Florida Ave, Lakeland, FL 33801
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    Property summary
    AI-generated overview

    THE PROPERTY IS A HISTORIC RELIGIOUS LANDMARK WITH OLD WORLD ART FEATURED IN THE FORM OF EXQUISTELY CRAFTED STAIN GLASS WINDOWS ALL AROUND THE STRUCTURE AND A RARELY FOUND PIPE ORGAN PIECE, PEWS AND MANY OTHER EXTRAS. THE BUILDING 1 IS OFFERED IS 14300 SQ.FT. IS ZONED C 2 BY THE CITY OF LAKLAND AND ... BUILDING 2 IS BEING USED AS A FULLY FUNCTIONAL MEDICAL CLINIC WITH AN OUTPATIENT PROCEDURES. THERE IS ALSO FULLY PAVED WITH UPGRADED FENCING ALL AROUNG THE ADJOINING PARKING OF LOT 0.15 ACRES AND 0.51 ACRES. TOTAL PARCEL WITH BOTH THE BUILDINGS AND PARKING MORE THEN LOT 1.1 ACRES. SOME RENOVATION IS REQUIRED. ALL OF THE 3 PARCELS OF 1.06 ACRES INCLUDED UNDER THE ROOF CONSTRUCTION OF 23,7000 SQFT (BLDG. 1 AND 2) AND 0.66 ACRES PARKING LOT IS BEING OFFERED TO PURCHASE. LOCATED WITHIN DIXIELAND COMMUNITY REDEVELOPMENT AREA WITH VARIOUS GRANTS AVAILABLE DUE TO BEING IN HISTORIC DISTRICT AND A LANDMARK STRUCTUTRE. Investment Highlights The Building Has Potential to Be Rezoned for Residential Use, Apartments or Condos or for Original Purposes. The Building and Parking Lot Being Are Being Offered, Both Are on the Main Road of Lakeland and Have High Visibility. The Air Rights Are Available and Would Be Facing the Lake Water View. The Vehicle Counts Are High. Property Type:(Coms)assembly Building Living Area: 23,700 SF

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1925
    Total area 23,700 SF
    UPID US18-2640760
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dinar Sajan, MD Physician
    • Pain Medicine Inc Physician
    • Saqib Khan, MD Physician
    • Health & Psychiatry Medical Clinic
    4 occupants on record
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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