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Listing 1 out of 38
Sold for $490,000 Sold

5523 Us Highway 98 N
Lakeland, FL 33809

2 units |
2,604 sq ft;
lot: 14375 sq ft
Commercial: Retail - MLS# T2929914
Property Photo

Sold

Sold for $490,000 on Jun 25, 2018

Description

LOCATION IS THE KEY WORD! Corner Parcel with Highway Frontage and 60000 trips per day mol. Take your pick! Use one side as an office and the and lease out the other side. OR use 2604 square feet of office space for your growing business. This is a block building with 12 parking spaces ID sign and plenty of wall signage. Office frontage facing US Highway 98 North. The building currently has two addresses with two separate leases. The interior is ONE office space kitchenette and one restroom each. Two newer a/c units and newer roof. Current lease with $38280 net income with 7% cap rate.

Features

  • Adjoining Property: Commercial
  • Annual Expenses: 1915
  • Building Area Total: 2604.00
  • Ceiling Height: 8 to 9 Feet
  • Community Features: Activity Core/Center, Curbs
  • Construction Materials: Block
  • Cooling: Central Air
  • Country: US
  • County/Area: Polk County
  • Electric: 3 Phase, 220 Volts
  • Future Land Use: 0194
  • Heating: Central
  • Leasable Area: 2604
  • Lease Term: 3 to 5 Years
  • Listing Status: Sold
  • Lot Dimensions: 75'X 185'
  • Lot Features: Corner Lot
  • Lot Size: 0.3300
  • Lot Size Square Feet: 14560
  • Millage Rate: 15.8800
  • Miscellaneous: Lit Signs on Site
  • Miscellaneous 2: Bathrooms
  • Net Operating Income: 38520
  • Numof Offices: 2
  • Numof Restrooms: 2
  • Parcel Number: 23-27-24-008900-001011
  • Parking Features: 6 to 12 Spaces
  • Property Condition: Completed
  • Property Description: Corner Unit
  • Property Type: Commercial
  • Road Frontage Ft: 185
  • Road Frontage Type: Highway
  • Security Features: Security System
  • Sold Date: 2018-06-25 00:00:00
  • Sold Price: 490000.00
  • Sq.Ft.: 2604
  • Sub Type: Retail
  • Subdivision Num: 008900
  • Tax Year: 2017
  • Tenant Pays: Electricity, Water
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Total Num Buildings: 2
  • Township: 27
  • Use Code: 1110
  • Year Built: 1967
  • Zip Code: 33809
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Judith Vogel
Vogel Realty Services

1514 South Alexander Street, Suite 203
Plant City, FL 33563
Phone: 813-659-3306
Cell: 813-478-0249
Email: judyvogel@aol.com

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