Lakeland Commercial Zoned LCC - 1.39 Acres 3 3216 Us 92 E

Investment Highlights

Two Parcels with 3 structures - Total o 6,420 SF Zoning - LCC (Linear Commercial Corridor) Building One - 3,000 SF office most recently used as car sales office. Building Two - 2,500 SF Warehouse, with roll doors and office. 34,500 cars per day. Two entrances to the property - one on US 92 and other on Thompson Road. Two existing monument signs. 1.39 Acres on busy US 92 & Fish Hatchery Road Building Three - 1,456 SF Single Family Home - 3 bedroom, 1 bath, could easily be converted to office space.

Executive Summary

Superb location with a super flexible zoning classification, this property features close to an acre and a half of land, with three structures at the US 92 E (Memorial Blvd) and Fish Hatchery Road intersection in Lakeland. Although there are 3 buildings on site, there is ample room for additional development.Located on US 92 East, also known as Memorial Blvd, this site is within 10 minutes of downtown Lakeland, major roadways including the Polk Parkway and close to Auburndale, Winter Haven, Lake Alfred and Haines City. US 92 runs east and west through Florida between Tampa and Daytona. Recently used as a car lot, (the owner is based in N.C. and will concentrate his operation there), the LCC (Linear Commercial Corridor) zoning allows for retail, office, restaurant, gas stations, and many other uses, including auto dealerships and similar operations. The front building is 3,000 square feet with a wide open plan, perfect for several sales desks, and a reception and activity area for clients. There are two private offices in the rear of the building, a staff kitchen area, and two bathrooms. The building is well maintained, clean and well laid out, with tile throughout. The second building is a 2,500 SF warehouse with (3) three newer roll up doors, and wide open space in the building itself. There is a small reception area with a private office and one bathroom. The auto repair equipment is negotiable - there are 3 newer Atlas lifts, and Ingersoll Rand 7.5 HP compressor and Atlas wheel balancer and tire changer. Lastly, there is additional storage space in a second story loft. The single family home on the property could easily be re-utilized as another use, but as it stands, it is a 3 bedroom, 1 bath home with a metal roof, an open plan living dining area, and a large kitchen with a pass through counter. The home needs some love, but could easily be monetized. The main entrance to the property is on US 92, and there is also an additional entrance through Thompson Road.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Auto Dealership Auto Dealership General Retail Auto Repair General Retail Fast Food General Retail Freestanding Auto Dealership
• Building Size    6,420
• Year Built/Renovated    1983/1999
• Price    899,000
• Price Per SF    140
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    1.39 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.