187 Lake Morton DrLakeland, FL 33801

Property Details for 187 Lake Morton Dr

Year built

1938

Lot size

0.56 AC

Property size (Sq ft)

2,759 SF

Zone code

O-1

Property type

Commercial land

APN

242819235000000060

APU

242819235000000060

Description

This exceptional 0.56-acre development site is located at 187 Lake Morton Drive in Lakeland, Florida's vibrant downtown. Boasting 40 feet of lake frontage on Lake Morton, this property offers unparalleled development opportunities. Its prime location provides easy walking access to a bustling area filled with shopping, dining, and entertainment options. Currently zoned O-1 (Office), the site is easily re-zoneable for multifamily use, offering flexible development potential to suit various needs. Lakeland's impressive growth trajectory is undeniable, recognized as the #1 Fastest Growing City in the US by Bloomberg.com and the #36 Best Performing City by the Milken Institute. The property benefits from high visibility and accessibility, with an impressive Average Annual Daily Traffic (AADT) of 23,000 vehicles. This presents a unique chance to capitalize on Lakeland's thriving market and contribute to its exciting future. The asking price for this remarkable property is $999,000. This is a truly exceptional opportunity for investors seeking a prime location in a rapidly growing city.

• Alternative Use

  Use

  Valuation

  Residential

  $651,979

  Hospitality

  $597,209

  Educational

  $496,871

  Medical

  $513,959

  Retail

  $772,910

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0373

Longitude

-81.956

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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