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    2965 New Tampa Highway

    Lakeland, FL 33815
    • $1,675,000
    • STATUS: Active
    • ON SITE: 92 days
    • MLS #: L4923621
    UPDATED: 173 min ago
    $1,675,000
    • 0
      BEDS
    • 2.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,317
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Description

    9.73% Cap Rate! The property consists of 16 park owned trailers, 1 house, 1 studio apt, and 3 retail units. All tenants are month to month - owner collects application fee, but no security deposits. Utilities are City water and sewer. Tenants pay for their own electricity with the exception of one (#10) who is billed at flat $150 per month. New Tampa Highway is to be widened in the near future and as such a taking by the FDOT will occur. This will affect the commercial/retail section of the property. It is highly expected that a settlement dollar amount will occur as a result of this event. When this eventually occurs, the retail section of the property will be converted to residential units. SEE PROPERTY BROCHURE ATTACHED FOR MORE DETAILS.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-23T23:39:46.307.
    www.searchsarasotahomes.com/homes/118623239
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    2965 New Tampa Highway Lakeland, FL 33815

    • Price: $1,675,000
    • Status: Active
    • Updated: 173 min ago
    • MLS #: L4923621
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.04
    Acres
    11,317
    SQFT
    $148
    $/SQFT
    1925
    Built
    Neighborhood:
    Edwards Sub
    County:
    Polk
    Area:
    Lakeland
    Property Description
    9.73% Cap Rate! The property consists of 16 park owned trailers, 1 house, 1 studio apt, and 3 retail units. All tenants are month to month - owner collects application fee, but no security deposits. Utilities are City water and sewer. Tenants pay for their own electricity with the exception of one (#10) who is billed at flat $150 per month. New Tampa Highway is to be widened in the near future and as such a taking by the FDOT will occur. This will affect the commercial/retail section of the property. It is highly expected that a settlement dollar amount will occur as a result of this event. When this eventually occurs, the retail section of the property will be converted to residential units. SEE PROPERTY BROCHURE ATTACHED FOR MORE DETAILS.
    Exterior Features

    Adjoining Property Commercial Construction Materials BlockMetal Frame Foundation Details CrawlspaceSlab Lot Size Dimensions 180X200 Parking Features 6 To 12 Spaces Roof MembraneMetal Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central AirWall/Window Unit(S) Heating CentralWall Units / Window Unit Stories Total 1

    Property Features

    Additional Parcels Yn No Flood Zone Code X Listing Terms CashConventional New Construction Yn No Property Condition Completed Property Sub Type Multi-Family Realtor Info See Attachments Special Listing Conditions None Tax Annual Amount 11953.96 Tax Year 2020 Total Num Buildings 18 Zoning I-1


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Coldwell Banker Realty.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-09-23T23:39:46.307.
     
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