Catylist ID: #28595358
5.30+- Acres Vacant Land in Lakeland
Vacant Land for Sale
|Catylist Listing ID:||28595358|
|Property Subtypes:||Office, Retail-Pad|
|Gross Land Area:||5.30 Acres|
|Unit Price:||$226,415 Per Acre|
|Sale Terms:||Cash to Seller|
Overview / Comments
5.30± acres of land in Lakeland, FL located off of Lakeland Hills Blvd & I-4. There is a cell tower on the southeast corner of the site that leases a 50’ x 117’ pad (more details of the cell tower lease below). There are some wetlands, approximately 1.72± acres, on the northern portion of the site however the seller has talked with consultants that have said there could be potential
opportunity to mitigate the wetlands. There is also an approximately 0.30± acre FDOT drainage ditch that runs through the property and if needed it could potentially be relocated to accommodate development. Seller would consider subdividing the parcel.
Location: 4141 Lakeland Hills Boulevard, Lakeland, FL 33805. Located in Polk County off of Lakeland Hills Boulevard and I-4.
Access: Currently the parcel can be accessed from Lakeland Hills Boulevard through a right-in and right-out access point that is shared with the Arbor Oaks Assisted Living Facility. There are plans to have a separate access point for the northern parcel off of Lakeland Hills Boulevard that will provide right-in and right-out access.
Size: 5.30± Acres (Approximately 3.58± acres of uplands)
Zoning: C-2 Commercial
Utilities: At site
Cell Tower Lease: Located on the southeast portion of the property on a 50’ x 117’ pad. The lease commenced in May 2014 and is a 5 year lease
with (9) 5 year renewal terms. The rent is $21,000 per year with 3% annual increases.
Asking Price: $1,399,000 (Includes income from cell tower lease)
|Nearest MSA:||Lakeland-Winter Haven|
|Proximity:||1 mile||3 miles||5 miles|
William A. EshenbaughEshenbaugh Land Company FGCAR CIE Member
Chris BowersEshenbaugh Land Company FGCAR CIE Member
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