Lakeland Income Producer w/ NNN Lease
812 E. Memorial Boulevard, Lakeland, Florida 33801
Sold: $375,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,586 sqft
Land Size
0.28 acres
Zoning
C2
Year Built
1969
Traffic Count
40,000
Property Description
NNN Lease - Income Producer, 9% CAP. This is a 1,586 SF block building on .28 acres on a major thoroughfare in Lakeland. Memorial Blvd is a main artery running through Lakeland, and east to west as US 92 in the entire state. There are 40,000 cars per day along this route.
The property has a great open feel with several workstations, 2 bathrooms and a rear building offices. There is an opportunity to open up this building further.
The property is currently leased and monthly rent is $3,000 per month with yearly $100 increases through 2025.
The property could also be a candidate for redevelopment - tenant may be amenable to an early move out.
- NNN Lease - Central Lakeland
- 1,586 SF on .31 Acres - C-2 Zoning, City of Lakeland
For more information please visit:SVN Saunders Ralston Dantzler
