3510 Cleveland Heights BlvdLakeland, FL 33803

Property Details for 3510 Cleveland Heights Blvd

Year built

1989

Lot size

0.84 AC

Property size (Sq ft)

4,176 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

242831261000000521

APU

242831261000000521

Description

This exceptional investment opportunity presents a 4,176 square foot C-Store and Gas Station situated on a 0.84-acre lot at 3510 Cleveland Heights Boulevard in Lakeland, Florida. The property is ideally positioned for high visibility and accessibility, benefiting from significant daily traffic flow. The legal description is HALLAM & CO SUB PB 1 PG 101A LOT 52 THE N 165 FT OF W 263 FT LESS RD R\/W. This established business offers a turnkey operation with immediate income potential, making it an attractive proposition for savvy investors seeking a profitable venture in a thriving market. The property's size and location provide ample space for potential expansion or redevelopment, allowing for further growth and increased revenue streams. The asking price is $1,200,000. Serious inquiries only. Prospective buyers are strongly encouraged to conduct their own due diligence to verify all aspects of the property and its operational details to ensure it aligns with their investment goals and expectations. This includes, but is not limited to, reviewing financial records, conducting market research, and verifying zoning regulations. The property is sold "as is."

• CAP approach

  CAP return

  Valuation

  6%

  $1,267,360

  6.5%

  $1,169,871

  7%

  $1,086,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,921,910

  Geo Method

  $1,921,910

• Alternative Use

  Use

  Valuation

  Residential

  $986,830

  Hospitality

  $903,931

  Educational

  $752,060

  Medical

  $777,924

  Retail

  $1,169,871

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0002

Longitude

-81.9483

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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