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For Sale

Lakeland Palms

$1,495,000

Lakeland, Florida

2.04 ± AC

PROPERTY DETAILS

Property Type: Commercial, Mobile Home Parks, Multifamily

Location: 2965 New Tampa Highway, Lakeland, Florida 33801

County: Polk

PIN: 232822095000001050

Zoning: MOBILE HOME AND RV PARKS


The property consists of 16 park-owned trailers, one (1) house, one (1) studio apt, and three (3) retail units. All tenants are month-to-month, and the owner collects an application fee but no security deposits. The utilities consist of City water and City sewer. Tenants pay for their electricity with the exception of one (#10) who is billed a flat $150.00 per month for their electricity.

New Tampa Highway is planned to be widened at some point in the near future, and as such, a taking by the FDOT will occur. We anticipate that the next owner will enjoy a sizeable windfall from this event. The retail building at the front entrance is the only part of the property to be impacted. We believe that at that time, the front of the building will become the back and vice-versa, which would allow you the option of adding three more residential units to the property.

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