Vacant CVS Lakeland FL — Sale in Lakeland, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lakeland, FL 33801

Photos

Vacant CVS Lakeland FL — Sale in Lakeland, FL, photo 1 of 2
Vacant CVS Lakeland FL — Sale in Lakeland, FL, photo 2 of 2

Description

Positioned at The Signalized Hard Corner Of US-92 and North Combee Road in Lakeland, Florida, This Former CVS Pharmacy Presents a Rare Value-Add And Repositioning Opportunity Within one of Central Florida's Most Dynamic Growth Corridors. The Property Benefits From Exceptional Visibility and Accessibility With Combined Traffic Counts Exceeding 49,600 Vehicles per day, Including Approximately 34,000 Vehicles Along US-92 and 15,600 Vehicles Along North Combee Road. The Freestanding Building Features Existing Drive-Thru Infrastructure, Ample Parking, and a Flexible Layout Well Suited For Medical, Retail, Restaurant, Financial, or Service-Oriented Users. Investors Have the Opportunity to Capitalize on Market Rental Rates Ranging From $20 To $24 Per Square Foot, Providing a Compelling Path Toward Significant Value Creation Through Re-Tenanting. The Immediate Trade Area Continues to Experience Steady Population Growth, With More Than 119,000 Residents and 144,000 Daytime Employees Within Five Miles of The Property. The Asset is Strategically Positioned Within the Tampa-Orlando Growth Corridor, Benefiting From Lakeland's Expanding Logistics, Distribution, Healthcare, and Retail Employment Base. Major Employers Including Publix, Lakeland Regional Health, Watson Clinic, Amazon, And FedEx Continue to Drive Economic Growth Throughout the Market. Offered Below Replacement Cost, the Property Provides Investors, Developers, and Owner-Users With Multiple Exit Strategies Through Lease-Up, Redevelopment, or Long-Term Hold. Investment Highlights: • Signalized Hard Corner Location At US-92 And North Combee Road With Combined Traffic Counts Exceeding 49,600 Vehicles Per Day. • Freestanding Former CVS Pharmacy Featuring A Drive-Thru And Flexible Re-Tenanting Potential. • Excellent Visibility And Access Along One Of Lakeland's Primary Retail And Commuter Corridors. • Market Rental Rates Of $20 To $24 PSF Create A Compelling Value-Add Investment Opportunity. • Surrounded By National Retai

Market Context

This retail in Lakeland, FL is listed for sale. Compare it against other retail listings for sale in Lakeland, FL — view the full market.

Estimated Price per SF

$45.82/SF – $333.26/SF

Mid: $138.86/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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