919 Lakeland Park Center DrLakeland, FL 33809

  • Super regional malls
  • 52,098 SF

Property Details for 919 Lakeland Park Center Dr

Year built
2014
Lot size
34.42 AC
Property size (Sq ft)
52,098 SF
Property type
Super regional malls
APN
232736016030000090
APU
232736016030000090

Description

This exceptional retail opportunity is located at 919 Lakeland Park Center Dr, Lakeland, FL 33809. The property, known as Lakeland Park Center, offers two available retail spaces ranging from 20,000 to 24,394 square feet, perfect for a variety of uses. Situated near Interstate 4 and US-98, this center benefits from high visibility and significant traffic counts, with 58,000 vehicles daily on US-98 and 103,500 on I-4, ensuring substantial customer exposure. The center is anchored by a strong roster of national retailers including Dick's Sporting Goods, Ross Dress for Less, Northern Tool + Equipment, Esporta, and Floor & Decor, creating a vibrant and successful retail environment. This established center provides an excellent opportunity for businesses seeking a high-traffic location in a thriving Lakeland market. Furthermore, the property includes several available outparcels, presenting additional development potential for expansion or complementary businesses. This is a rare chance to secure a prominent retail presence in a well-established and highly trafficked location. The property is classified as retail with multiple tenancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,811,049
    6.5%
    $14,594,814
    7%
    $13,552,328
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,976,938
    Geo Method
    $23,976,938
  • Alternative Use

    Use
    Valuation
    Residential
    $12,311,272
    Hospitality
    $11,277,059
    Educational
    $9,382,381
    Medical
    $9,705,055
    Retail
    $14,594,814

Location Insight

City
Lakeland
County
Polk
State
Florida
Latitude
28.0903
Longitude
-81.9686
CBSA code
29460
CBSA name
LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$296,120
-
-
$16,243,705
-
-
-
$16,243,705

FAQs

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