737 Missouri AveLakeland, FL 33815

Property Details for 737 Missouri Ave

Year built

1922

Lot size

0.24 AC

Property size (Sq ft)

2,748 SF

Zone code

O-1

Property type

Office properties

Property subtype

Office buildings

APN

232824120000002052

APU

232824120000002052

Description

This charming, well-maintained, two-story medical office building, totaling 2,700 square feet, is available for sale at $624,900 ($231.44/SF). Located in Lakeland, Florida, at 737 S Missouri Ave (APN 24-28-23-120000-002052), this Class B property boasts excellent visibility and signage on a corner lot. Built in 1922, the building features on-site parking and ample free street parking. The vacant building presents a rental income opportunity through the additional second-floor office space. Its convenient location is one block south of S Florida Ave, five minutes from Downtown Lakeland, and ten minutes from South Lakeland. The property is zoned O-1, Lakeland. The building is a single structure and offers potential for various medical or office uses. Optional chiropractic records and equipment are available for an additional price. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $567,334

  6.5%

  $523,693

  7%

  $486,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $501,867

  Geo Method

  $501,867

• Alternative Use

  Use

  Valuation

  Residential

  $649,380

  Hospitality

  $594,828

  Educational

  $494,890

  Medical

  $511,910

  Retail

  $769,829

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0355

Longitude

-81.9585

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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