Multifamily Property for Sale in Lakeland, FL

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lakeland, FL 33801

Description

We are pleased to present this truly exceptional commercial lot, one of the last of its kind, situated directly on Lake Morton in vibrant downtown Lakeland. This property has 105 feet of frontage on the lake and is zoned O-1 (City of Lakeland), positioning it as prime real estate for new development. The O-1 classification allows for a variety of uses, including professional office, personal service establishments, and parking. With precedent established in the immediate area, the potential for rezoning to multifamily use makes this an even more versatile and highly desirable investment. The lot is within easy walking distance of downtown Lakeland's core, the charming Dixieland neighborhood, both with their wide array of restaurants and retail, and also the scenic Lake Hollingsworth. Don't miss this rare opportunity to develop on a premier lakefront commercial site. *The iconic Wilsonian Building and the adjoining duplex to the west are also for sale, please refer to the "Additional Properties" page in the flyer. Contact listing agents for more information. Highlights .56 AC commercial lakefront lot in downtown Lakeland 105 feet of frontage along Lake Morton Drive Zoned O-1, City of Lakeland. Uses include professional office, personal service establishments, and parking. The subject property is zoned O-1/UCO (Low Impact Office/Urban Corridor). Under the O-1 zoning, professional office uses and medical office uses would be permitted by right, as well a multi-family residential uses and single-family attached residential uses (townhomes). Under the Residential High Future Land Use (FLU) designation and the O-1 zoning, multi-family residential uses could be developed at a maximum intensity of 75 DU/acre and a maximum height of 55 feet. Formerly a two story law office, but now vacant and ready for new development The pursuit of a multifamily rezone is plausible as the immediate neighborhood is a mix of office and residential 25,000 vehicles per day on South Florida Ave

Market Context

This multifamily in Lakeland, FL is listed for sale at $1,299,000. It has been on the market for 24 days. Compare it against other multifamily listings for sale in Lakeland, FL — <a href="/search/sale/multifamily/florida/lakeland">view the full market</a>.

Contact

Explore this market

Similar Multifamily Property for Sale in Lakeland, FL