6906 Us Hwy 98th N Lakeland, FL 33809-2134

This exceptional Lakeland, FL investment property, located at 6906 US Hwy 98 N, presents a compelling opportunity. The property consists of two single-story, 8,500 square foot retail buildings constructed in 1985, situated on a 0.66-acre lot (APN: 23-27-14-000000-022140). Currently boasting 100% occupancy with a stable multi-tenant profile, the property generates a strong NOI of $119,900, representing a 5.45% cap rate. The pro-forma NOI is projected at $140,900, indicating a potential 6.40% cap rate. The property features a modified gross lease structure with varying lease terms, offering potential for future rent increases. The buildings combine retail space in the front with warehouse space in the rear, catering to a diverse tenant base. Zoned Commercial - LCC, this prime location on US Highway 98 in Polk County (zip code 33809) offers excellent visibility and accessibility. The asking price is $2,200,000, translating to $258.82 per square foot. This stabilized investment presents a strong return with significant upside potential.