UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $160
Subdivision Dranes 2Nd Add
MLS Listing ID L4966046
Construction Status Completed
HOA Y/N No
Year Built 1917
Annual Tax Amount $4,537
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 75x130
Property Sub-Type Office
Source Stellar MLS
New Construction false
Property Description
The property currently generates $22,925 in annual gross rental income from approximately 917 square feet of leased office space. The remaining 1,503 square feet outside the existing leased premises offers potential for additional rental income or owner occupancy.
Depending on layout and applicable approvals, the available space may accommodate three to four additional private offices, creating an opportunity to increase rental revenue and improve the property's overall investment performance.
The property carries O-1 office zoning, supporting professional office uses subject to applicable regulations. A four-point inspection has also been completed.
With existing rental income, additional leasing potential, and a location near downtown Lakeland, this property offers flexibility for investors looking to expand their commercial portfolio or professional users seeking a combination of occupancy and rental income.
Offered at $360,000. Contact the listing agent for additional property details or to schedule a showing.
Location
State FL
County Polk
Community Dranes 2Nd Add
Area 33815 - Lakeland
Zoning O-1
Interior
Cooling Central Air
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Utilities Available Public
View Y/N No
Water Access No
Exposure West
Building
Entry Level Two
Foundation Concrete Perimeter, Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Stucco,Frame
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4966046
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