Return to Listing With Agent Info Without Agent Info

Massachusetts Ave Mixed Use Office Bldg

618 N. Massachusetts Avenue, Lakeland, Florida 33801
Sold: $765,000
Massachusetts Ave Mixed Use Office Bldg

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
5,180 sqft
Land Size
0.5 acres
Sewer
City
Water
City
Zoning
PUD 5502
Year Built
1955
Parking
Ample
Traffic Count
19,000

Property Description

This is an investment opportunity in midtown Lakeland, FL. Currently running as a daycare center, this property comprises 5,180 SF on 5 tax parcels, totaling half an acre. The property is within the Lakeland Community Redevelopment Area (CRA).

The facility has an abundance of spaces, including a traditional reception staff with waiting room, several play areas, classrooms, wide open activity and meal center, with separate kitchen and private manager office. There are 2 multi stall bathrooms, and throughout the facility, a combination of polished concrete, carpet, activity tile and linoleum flooring. There is also an outdoor playground for the students.

The property is fenced and has ample parking, with approx. 6 entrance space and 12 spaces in the rear of the building. Easy pick up and drop off area.

Current annual rent is $45,000, with the current term expiring in October 2024, with (2) I 1 year renewals with increases. Tenant is responsible for their own utilities, repairs, and maintenance.

Property is on city water and sewer. Property taxes - $5,581.

  • Lakeland FL - Investment Opportunity
  • Currently running as a daycare center
  • reception, waiting room, play areas, classroom, separate kitchen and office
  • Fenced with parking

For more information please visit: SVN Saunders Ralston Dantzler

Location