1421 Commercial Park DriveLakeland, FL 33801MLS Number T3282038

  • Price: $430,000
  • 330 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Active
1421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 338011421 Commercial Park Drive Lakeland FL 33801
QR Code
  • 5,355Square Feet
  • 0.38Acreage
  • 1973Year Built
  • ActiveMls Status
FULLY RENTED AND PRICED TO SELL at approximately 8% CAP RATE, this commercial building has 6 suites which are currently divided into four functioning sites. Want six separate units? With a small remodel each of 6 units would have 2 exit doors and a 1/2 bath. Currently, 2 remodeled suites just rented for $1200 with 2 year lease and 2, 2 year renewal w/ 3% escalation clause. Owner knows rents are low and has two long-term tenants at lower than market rate, and recently leased unit 4 for $800 for one year, discounted for friend. Even with the reduced rents, this excellent building is at an excellent cap rate, and has potential for being much greater: run the numbers! 5 AC units, 2 which are newer. Roof approx 12-15 years old. Plenty of parking and has extra space that has been rented out. Owners suites (5 & 6) are pristine with LVP flooring and attractive new carpet, 2 baths, reception area and office, executive office, class room or large workroom with separate entry, 2 storage rooms and another small office/utilities area. Suite 1 has been leased about 2 years; Suite 2 & 3 has been leased to same client for approx 6 years and leases suite 3 for reduced amount to use as storage. Bill board has separate meter, as does Suite 2, and rents for $775 per month (very long term) but landlord pays electric and water, Total yearly rents: $52,500; estimate of total expenses: $14,555. Don't move slow on this one! With lower price and new leases, this one is ripe!
Listed by Matthew Walsh of FUTURE HOME REALTY INC

Driving Directions

Taylormade Properties, Inc.
Taylormade Properties, Inc.
9658 W. Linebaugh Ave.
Tampa, FL 33626

Ask A Question

Do not fill in this field:

More Info

Location Information

  • Road FrontageCity Street

Parking

  • Parking Features Parking Spaces - 13 to 18

Location

  • Address1421 Commercial Park Drive
  • AreaLakeland
  • Building Number1421
  • CountyPolk
  • Directions Going north on hwy 98 go rt on n crystal lake rd then rt on commercial. Park dr on rt
  • Leasable Area 5355
  • StateFL
  • StreetCommercial Park
  • SubdivisionCommercial Park South
  • TownLakeland
  • Township 28
  • Zip33801

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed01/06/2021
  • MFR Flood Zone Code X
  • View Count2

Basic Information

  • List Price$430,000
  • MLS NumberT3282038
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • Garage Spaces
  • Levels One
  • MFR Ceiling Height 8 to 9 Feet
  • MFR Numof Restrooms 6
  • RoofShingle
  • Stories1
  • Year Built1973

Property Information

  • Acreage0.38
  • Construction Materials Brick
  • Lot Size Dimensions 111.4x130
  • Lot Size Square Feet 16,553
  • MFR Total Acreage 1/4 to less than 1/2
  • Square Feet5,355

Tax Information

  • Tax Year 2020
  • Taxes$5,105

Basic Information

Property

  • Business Type Commercial, Professional/Office
  • Living Area 5355
  • ZoningO-1

Interior

  • Flooring Carpet, Linoleum

Utilities

  • Cooling Central Air, Zoned
  • Electric 100 Amp Service, Service - 110 Volts, 220 Volts
  • Heating Central, Zoned
  • Sewer Public Sewer
  • Utilities Electricity Available, Phone Available

Based on information submitted to MFRMLS as of December 1, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: