For Sale
$4,250,000

230 Kentucky AveLakeland, FL 33801

Historic building, fully leased, high income.

Overview

Added:
Feb 3
Days on market:
59
This exceptional 12,535 square foot mixed-use building presents a unique investment opportunity in the heart of Lakeland's vibrant downtown. Completely renovated in 2017, this freestanding property boasts a prime location within the city's bustling business and shopping district. The building is currently 100% leased, generating substantial income through long-term triple net (NNN) leases with established tenants. The ground floor houses a thriving retail store, while a nationally recognized firm occupies the second floor. The third and fourth floors comprise a luxurious residential space, currently occupied by a tenant/owner who may consider a leaseback arrangement. This remarkable residence features a three-car garage at street level and a unique fourth-floor amenity space – a she shed/man cave complete with a prep kitchen and a rooftop deck including a hot tub. The rooftop deck offers unparalleled views of downtown events, including the spectacular fireworks displays over Lake Mirror. This property offers a compelling blend of commercial income and exceptional residential living, making it an ideal investment in one of Florida's fastest-growing and most desirable communities. The 0.1-acre lot provides convenient access and visibility. This is a rare chance to acquire a fully operational, high-income-producing asset in a thriving urban center.

Property Details for 230 Kentucky Ave

Property type
Mixed-use properties
Square Feet
12,535 SF
Year Built
1920
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Lakeland
County
Polk
State
Florida
Latitude
28.04622
Longitude
-81.95534
230 Kentucky Ave, Lakeland, Florida

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230 Kentucky Ave
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