For Sale
$10,900,000

3800 Us Highway 98 Lakeland, FL 33809

155,276 SF Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 155,276-square-foot vacant retail building, formerly a Sears, is situated on an 11.57-acre lot at Lakeland Square Mall in Lakeland, Florida (33809). The property, built in 1988 and boasting a Class B designation, offers significant redevelopment potential. Its prime location near Interstate 4 and Highway 98 provides unparalleled access and visibility, with convenient connectivity to the rest of the mall and signalized intersections on Hwy 98. This strategic position between Tampa and Orlando makes it a gateway to Central Florida's thriving market. Currently zoned C-5, the property presents numerous possibilities, including continued use as retail space (convenience store, grocery store, or shopping center), or, with a zoning change, conversion to apartments or self-storage. The asking price is $10,900,000, translating to $70.20 per square foot. The property's size, location, and vacant status create a unique value-add investment opportunity. Detailed zoning guidelines are available upon request. The parcel number is 232735000000012020.

Highlights

  • 155,276 SF vacant retail building on an 11.57-acre lot at Lakeland Square Mall in Lakeland, FL (33809).
  • Class B building, built in 1988, offering significant redevelopment potential.
  • Prime location near I-4 and Hwy 98, providing high visibility and accessibility.
  • $10,900,000 asking price ($70.20/SF).
  • C-5 zoning allows for various uses, including retail, apartments, or self-storage (with zoning change).

Property Details for 3800 Us Highway 98

Property type
Lifestyle centers, Power centers
Square Feet
155,276 SF
Class
B
Year Built
1988
Buildings
1
Lot Size (sq. ft)
503,989 SF

Location Insight

City
Lakeland
County
Polk
State
Florida
Latitude
28.09426911
Longitude
-81.97789431

FAQs

What type of property is this?
Lifestyle center - 155,276 SF Retail Opportunity
Where is the lifestyle center located?
The property is located at 3800 Us Highway 98 Lakeland, FL.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: 155,276 SF vacant retail building on an 11.57-acre lot at Lakeland Square Mall in Lakeland, FL (33809).; Class B building, built in 1988, offering significant redevelopment potential.; Prime location near I-4 and Hwy 98, providing high visibility and accessibility.
How can I contact the broker?
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3800 Us Highway 98
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