Waller Grove Park I - Office / Retail

1415 Commercial Park Dr, Lakeland, FL

$800,000

Price

5,064 sqft

Building Size

0.34 acres

Lot Area

Overview
Building Size
5,064 sqft
Lot Area
0.34 acres
Class
B
Year Built
1973
Floors
1
Parking Spots
25
Description

Waller Grove Park I is a 5,064 SF retail / office center centrally location in Lakeland FL. Right at US-98, across from the newly renovated Publix Grove shopping center and between Downtown Lakeland and Polk Parkway. The site has 20 parking spaces and zoned PUD (Office/Retail), corner property and fully renovated in 2005, this could fit either an owner user or investor.

There's 4 units, units between 850-1,750 SF, 2 units (2,450 SF) are currently leased either month-to-month or shorter term and 2 units (2,614 SF) are available to occupy for an owner-user with potential to occupy another 850 SF. As an investor, there's value-add as rates are below market rate, and possibility to split a unit to make it 5 units.

Located in Lakeland, FL, fastest growing city in the US and top cities to buy a home. Minutes away from Downtown Lakeland, Polk Parkway, and two of the largest college in Polk (Florida Southern College and Southeastern University, easy access to US-98 (39,500 AADT) with some limited frontage.

Centrally located near US 98 S. just East of Downtown Lakeland, easy access to Polk Parkway and US 92, across the street from Publix Grove Park shopping center, minutes from Lake Hollingsworth.

Highlights
  • 5,064 SF retail / office center
  • Corner property and fully renovated in 2005
  • Owner-user or value-add deal
  • Minutes away from Downtown Lakeland, Polk Parkway, and two of the largest college in Polk
Documents

Location
Gallery