5383 Florida AveLakeland, FL 33813

Property Details for 5383 Florida Ave

Year built

1980

Lot size

0.92 AC

Property size (Sq ft)

6,100 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

232912000000024100

APU

232912000000024100

Description

This exceptional retail investment opportunity presents a 6,380 square foot Citgo gas station situated on a 0.92-acre lot at 5383 S Florida Avenue in Lakeland, Florida. The property enjoys a highly desirable location at the northwest corner of Highway 37 South (South Florida Avenue) and School House Road, offering unparalleled visibility and accessibility. Currently operating under a short-term lease, this property presents a unique chance for investors seeking a strong return. Its strategic placement directly across from a Wawa convenience store ensures consistent high traffic flow and customer exposure. The substantial lot size provides ample space for potential expansion or redevelopment, catering to a variety of future commercial uses. The property's prime location and existing infrastructure make it an attractive proposition for savvy investors looking to capitalize on a thriving retail market. The asking price is $1,600,000. Please note that direct communication with the current tenant is strictly prohibited. All inquiries should be directed through the appropriate channels. This is a rare opportunity to acquire a well-positioned retail property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,851,269

  6.5%

  $1,708,863

  7%

  $1,586,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,807,388

  Geo Method

  $2,807,388

• Alternative Use

  Use

  Valuation

  Residential

  $1,441,490

  Hospitality

  $1,320,397

  Educational

  $1,098,555

  Medical

  $1,136,336

  Retail

  $1,708,863

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

27.968

Longitude

-81.9651

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].