About this property
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.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 5,064 sqft
- Land Size
- 0.34 acres
- Zoning
- PUD
- Year Built
- 1973
- Parking
- 20
- Year Renovated
- 2005
Documents 1 file
Last updated: Sep 30, 2026
Location
- Address
-
1415 Commercial Park Drive
Lakeland, Florida 33801