1421 Commercial Park Drive
Lakeland, FL
Office for Sale - $499,000 - 4,575 Sq. Ft. on 0.38 acres
Property Info
CIMLS# | 1072082 |
Location 1421 Commercial Park Drive Lakeland FL 33801 | |
Updated | April 30th, 2020 |
Type | Office |
Price | $499,000 |
Building | 4,575 Sq. Ft. |
Land | 0.38 acres |
Property Description
Commercial building with six suites currently divided into four units with some long term leases. Currently two remodeled suites are being used by owner but are available for lease at $11 PSF Mod Gross. Billboard income of $775 per month included with the sale. Currently running at a 5% cap, but will get closer to an 8% cap once owner unit is leased. Suite 5 & 6 have been renovated with new laminate flooring, fixtures and refinished bathrooms. 5 A/C Units in total, 2 are newer. Roof approx 10-12 years old. Excellent traffic counts along US 98, and plenty of common parking available at the building.