Historic Building on W Main St

13,660 SF | Retail Building | Lakeland, FL 33815 | $3,150,000 ($231/SF) | 7.22% Cap Rate

Asking Price $3,150,000

Property Type: Retail
Square Feet: 13,660 SF
Price / Square Foot: $231

Listing Contacts

Alex Delannoy

Verified Profile

Hayley Maloy

Verified Profile

Property Info

Property Overview

Flex/retail 13,660 SF historic building on Main St located downtown Lakeland between Tampa and Orlando. The space has urban interior design elements including open ceilings, fully air conditioned, exposed air ducts, exposed brick wall features and glass storefronts, with 30 parking spaces + street parking. Fully leased with 5 tenants, NNN lease, 4-5 year left on the leases and 4% annual increases.
Suite 305 is a 4,725 SF gym, high ceiling, restrooms with showers, fully renovated in 2023. Suite 307-1 is an non-profit office/creation studio with 4 offices, restroom and breakroom. Suite 307-2 is coffee shop and coffee roasters. Suite 309-1 is a dance studio, fully renovated in 2024, exposed brick wall, breakroom, 2 restrooms and storage. Suite 309-2 is a bike retail shop, open space with storage space.
The property is located minutes from the Sports & Events District who has future growth and near the new 180 acres Bonnet Springs Park opened in 2022. Located in downtown Lakeland between Tampa and Orlando within walking distance to restaurants, hotels, bars, shopping, services, this location offers easy access to I-4 and Polk Parkway within minutes.

Property Details

Class: B
Year Built: 1924
Stories: 1
Property Subtype: Storefront Retail/Office
Lot Size (sq. ft): 19,166 SF

Highlights

Flex/retail 13,660 SF historic building on Main St
Fully leased with 5 tenants, NNN lease
4-5 year left on the leases and 4% annual increases
Walking distance from restaurants and services
Located in downtown Lakeland between Tampa and Orlando

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