Dixieland Commercial Possible Redevelopment — Sale in Lakeland, FL

  • Price: $920K
  • Listing type: For sale
  • Asset type: Business
  • Location: Lakeland, FL 33803
  • Size: 4,830 SF
  • Year built: 1924

Investment Figures

Price per square foot
$190

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Rare opportunity to acquire a highly visible redevelopment corner in Lakeland's thriving Dixieland District. Situated on the signalized hard corner of South Florida Avenue and Palmola Street, this exceptional 0.51-acre property offers investors, developers, and owner-users the opportunity to create one of the area's next landmark commercial projects. The offering consists of two contiguous C-2 zoned parcels with over 23,000 vehicles per day along South Florida Avenue, one of Lakeland's primary commercial corridors. Whether envisioned as boutique retail, restaurant, office, medical, or a mixed-use development, the property's prominent visibility, flexible zoning, and strategic location make it one of the most compelling redevelopment sites currently available. Unlike many redevelopment opportunities, this property provides immediate holding income while future plans are developed. The existing auto repair facility is currently leased for $3,800 per month on a month-to-month basis, providing some cash flow with the flexibility for future redevelopment. The adjacent 1925 structure, formerly utilized as a professional office, offers additional flexibility for a purchaser. While many buyers may elect to redevelop the entire site, others may explore restoration or adaptive reuse opportunities, depending on their vision for the property. Located within Lakeland's vibrant Dixieland District, the property is surrounded by an eclectic mix of popular restaurants, breweries, boutiques, professional offices, and beautifully restored historic homes. Just minutes from Downtown Lakeland, Lake Hollingsworth, and the Polk Parkway, the location continues to benefit from significant public and private investment, making it one of Central Florida's most desirable urban neighborhoods. An added advantage is that the property is enrolled in Florida's State Petroleum Cleanup Program, providing an established environmental remediation pathway that significantly reduces potential out-of-pocke

Market Context

This commercial property in Lakeland, FL is listed for sale at $919,900 across 4,830 SF. The building dates to 1924. It has been on the market for 18 days. Compare it against other commercial property listings for sale in Lakeland, FL — view the full market.

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