Mixed-Use
Value-Add Mixed-Use Downtown Building | Lakeland, FL
120 E Main St, Lakeland, FL 33801
Listing Price: $895,000
Cap Rate
5.22%
Gross SF
6,300
Rentable SF
6,300
Price/Gross SF
$142.06
Lot Size
0.08 acres
Year Built
1910
Investment Overview
Marcus & Millichap is pleased to bring to market a Downtown Mixed-Use Building located in Lakeland, FL.
Value-Add Mixed-Use Downtown Building | Lakeland, FL
Investment Highlights
- 6,300-SF Multi-Tenant Mixed Use Office and Retail Building With Two Stories
- 50% Occupied With Leasing Upside Through Vacant Second Floor
- All NNN Leases With Tenants Reimbursing for CAM, Insurance, and Taxes
- First Floor Tenants Have Separate Entryways With Signage on Front of Property
- Strategically Positioned on E Main St, Near Florida Ave with Access & Exposure to Over 24,700+ VPD Combined
- Located Within Downtown Lakeland With Walkable Amenities Including Lake Mirror and Other Downtown Shopping | Ample Street Parking and In Nearby Public Parking Lots
- Dense Demographics: Daytime Population Exceeds 199,600 Within 5-Miles | 5-Mile Population is Expected to Increase Over 8% by 2027
- Lakeland is 30 Miles From Downtown Tampa and 50 Miles From Downtown Orlando
Exclusively Listed By
Listing Price: $895,000
Cap Rate
5.22%
Gross SF
6,300
Rentable SF
6,300
Price/Gross SF
$142.06
Lot Size
0.08 acres
Year Built
1910
Investment Highlights
- 6,300-SF Multi-Tenant Mixed Use Office and Retail Building With Two Stories
- 50% Occupied With Leasing Upside Through Vacant Second Floor
- All NNN Leases With Tenants Reimbursing for CAM, Insurance, and Taxes
- First Floor Tenants Have Separate Entryways With Signage on Front of Property
- Strategically Positioned on E Main St, Near Florida Ave with Access & Exposure to Over 24,700+ VPD Combined
- Located Within Downtown Lakeland With Walkable Amenities Including Lake Mirror and Other Downtown Shopping | Ample Street Parking and In Nearby Public Parking Lots
- Dense Demographics: Daytime Population Exceeds 199,600 Within 5-Miles | 5-Mile Population is Expected to Increase Over 8% by 2027
- Lakeland is 30 Miles From Downtown Tampa and 50 Miles From Downtown Orlando
Investment Overview
Marcus & Millichap is pleased to bring to market a Downtown Mixed-Use Building located in Lakeland, FL.
Exclusively Listed By
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