1.76 Acre Site on US 98 for Commercial Development

Vacant Land for Sale
Catylist Listing ID: 30163137
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1.76 Acres
Sale Price: $399,000
Unit Price: $226,704 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

The opportunity is for a developer or retailer to buy a 1.76-acre parcel on US Highway 98 north of I-4 in Lakeland, Florida. This property is located at the SE corner of US Highway 98 and Princeton Manor Lane. The parcel is part of the master-planned Princeton Manor subdivision.
This property is located four miles north of I-4 on a major US Highway, north of Lakeland, approximately halfway between the Tampa and Orlando metropolitan areas of central Florida.
The property is zoned LCC (Linear Commercial Corridor) and approved for general commercial use including but not limited to the following uses:
• Retail Office
• Bank / Financial Institution
• Adult Care Facility
• Medical / Dental Care Facility
• Child Care Center
• Veterinarian Clinic / Kennel
• Restaurant / Bar
• Hotel / Motel
• Gas Station / Convenience Store
• Auto Repair, Service or Sales
• Car Wash
• Religious Institution
• Self Storage Facility
The property has approximately 250 feet of frontage on US Highway 98 North, and 450 feet of frontage on Princeton Manor Lane.
The main access to the property is off Princeton Manor Road. Princeton Manor Lane serves a 90 home subdivision and connects to northbound US Highway 98 North. The property is located 4 miles north of Interstate 4.
The property is 1.76 acres with no wetlands (100% of the site is upland). The property is also of the master planned Princeton Manor Subdivision and is included in the master stormwater plan therefore 100% of the property is available for development with no on-site stormwater ponds required. The site development allows up to 70% of the property to be impervious area.
232712000895000940
Property is served by Polk County Utilities.
Plat is approved and on file with Polk County. SWFWMD permit 4027154.000 is transferred to operation and allows for up to 70% impervious surface on the property.
Seller has survey, Polk County Property Appraiser data, SWFWMD As-built plans, Phase I Environmental Report, etc. for review.

Attachments & Media

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Taxing Authority: Polk County
Tax ID/APN: 232712000895000940
Zoning: LCC (LINEAR COMMERCIAL CORRIDOR)
Property Located Between: Lakeland and Dade City on US 98
Property Visibility: Excellent
Legal Description: TRACT 6 ( FUTURE DEVELOPMENT)
Largest Nearby Street: US 98
Feet of Frontage: 250
Traffic/Vehicle Count: 35,000
Highway Access: excellent access via Princeton Manor Lane, right turn into site.
Airports: TIA, OIA, Lakeland Regional Airport
Site Description: This 1.76 acre site (100% upland) is located on the corner of US 98 and Princeton Manor Lane, just 4 miles north of I-4 / Lakeland, approximately halfway between the Tampa and Orlando metropolitan areas of central Florida.
Area Description: Major Commercial Highway US 98 just north of I-4 intersection and US 98.
Lot Frontage: 250 feet
Lot Depth: 450 feet
Zoning Description: The property is zoned LCC (Linear Commercial Corridor) and approved for general commercial use including but not limited to the following uses: • Retail Office • Bank / Financial Institution • Adult Care Facility • Medical / Dental Care Facility • Child Care Center • Veterinarian Clinic / Kennel • Restaurant / Bar • Hotel / Motel • Gas Station / Convenience Store • Auto Repair, Service or Sales • Car Wash • Religious Institution • Self Storage Facility 232712000895000940 Property is served by Polk County Utilities. Plat is approved and on file with Polk County. SWFWMD permit 4027154.000 is transferred to operation and allows for up to 70% impervious surface on the property. Seller has survey, Polk County Property Appraiser data, SWFWMD As-built plans, Phase I Environmental Report, etc. for review.
Part of Planned Development?: Yes
Development Name: Princeton Manor HOA
Topography: Level
Easements: Pipelines
Easements Description: water pipe easement
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,713 44,819 80,214
Median Age: 35.89 42.77 41.52
Households: 2,348 17,604 30,979
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