Lakeland Shopping Center Investment for Sale

Oct 5, 2021

Steinbauer Associates, Inc. would like to present this unique investment property for your review.
If you or someone you know has an interest in the following property please feel free to call us for additional detailed information.
FEATURED PROPERTY
Highly Desirable South Florida Avenue Frontage
Lakeland, Polk County, Florida
UNBELIEVABLE VISIBILTY WITH 480′ OF FRONTAGE! 38,000 VEHICLES/DAY
Type: Retail Shopping Center & extra Out Parcel
Building Size: +/- 36,000 sq. ft.
Out Parcel: Additional Out Parcel Pad for Retail or Office User
Land Size: +/- 5 acres plus 1.5 ac. off-site retention
Description: Retail Strip Center located in Booming Lakeland Florida. Great mix of national and local tenants. Current CAP Rate is 6.5%. Leases have annual increases. Lots of rental income upside as area rents have increased significantly in the past couple of years. Additional Out Parcel pad is available.
Location: Located in Lakeland between Tampa and Orlando.  Easy access to all of Polk County and Interstate 4 via South Florida Avenue (S.R. 37) and the Polk Parkway. Only 45 minutes to Tampa and Orlando and 3 hours to Miami/South Florida or Jacksonville.
Sales Price: $6,500,000 for Shopping Center (not including Out Parcel).
Out Parcel For Sale for $400,000.
$6,900,000 for Shopping Center & Out Parcel
For additional information Please email Jim Steinbauer for a Confidentiality Agreement at:
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