2140 Edgewood DrLakeland, FL 33803

Property Details for 2140 Edgewood Dr

Year built

1981

Lot size

1.35 AC

Property size (Sq ft)

6,972 SF

Zone code

C-4

Property type

Medical offices

Property subtype

Medical centers

APN

242828244000005404

APU

242828244000005404

Description

This exceptional 2,517-square-foot medical office space is ideally situated in a central Lakeland location at 2140 E Edgewood Dr, Lakeland, FL 33803. The property is a single-tenant end-cap suite offering excellent visibility and accessibility. Its convenient location provides easy access to major thoroughfares, ensuring high patient and client traffic. The building boasts ample surface parking for both patients and staff, a significant advantage in a busy medical environment. Further enhancing its appeal, monument signage opportunities are available, providing excellent branding potential for your practice. The space is immediately available, allowing for a quick and efficient transition to your new location. The lease is structured as a triple net (NNN) lease at a rate of $25.00 per square foot. This property presents a rare opportunity to establish or expand your medical practice in a prime Lakeland location with all the necessary amenities for a thriving business. The property is located in Polk County, Florida. This is a single-tenant office building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,439,394

  6.5%

  $1,328,671

  7%

  $1,233,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,273,296

  Geo Method

  $1,273,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,647,552

  Hospitality

  $1,509,149

  Educational

  $1,255,594

  Medical

  $1,298,776

  Retail

  $1,953,147

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0138

Longitude

-81.9184

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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