1413 Bartow RdLakeland, FL 33803

Property Details for 1413 Bartow Rd

Year built

1960

Lot size

12.40 AC

Property size (Sq ft)

15,145 SF

Zone code

C-4

Property type

Retail properties

Property subtype

Drug stores

APN

242829000000011300

APU

242829000000011300

Description

Invest in this prime Lakeland, Florida commercial property, the Grove Park Shopping Center, located at 1413 Bartow Rd, 33803. This single-story, 142,192 square foot center, built in 1968 and renovated in 1998, offers a blend of retail and medical office space. Currently, there are two suites available, with a minimum divisible space of 4,586 square feet and a maximum contiguous space of 12,570 square feet, totaling 17,156 square feet of vacant space. The property boasts a strong tenant mix of national, regional, and local businesses, ensuring a thriving commercial environment. Benefit from excellent visibility and accessibility, featuring three entrances at a signalized intersection with direct frontage on a major thoroughfare (US Highway 98), offering high traffic counts of 38,500 cars per day and pylon signage opportunities. Ample parking is available with 573 spaces. The property's gross retail area is 120,150 square feet. This is an exceptional opportunity to acquire a well-located and established commercial property in a growing Lakeland submarket. The property features no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $4,596,306

  6.5%

  $4,242,744

  7%

  $3,939,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,970,147

  Geo Method

  $6,970,147

• Alternative Use

  Use

  Valuation

  Residential

  $3,578,913

  Hospitality

  $3,278,265

  Educational

  $2,727,478

  Medical

  $2,821,280

  Retail

  $4,242,744

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0238

Longitude

-81.9264

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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