Superb location with a super flexible zoning classification, this property features close to an acre and a half of land, with three structures at the US 92 E (Memorial Blvd) and Fish Hatchery Road intersection in Lakeland. Although there are 3 buildings on site, there is ample room for additional development.
Located on US 92 East, also known as Memorial Blvd, this site is within 10 minutes of downtown Lakeland, major roadways including the Polk Parkway and close to Auburndale, Winter Haven, Lake Alfred and Haines City. US 92 runs east and west through Florida between Tampa and Daytona.
Recently used as a car lot, (the owner is based in N. C. and will concentrate his operation there), the LCC (Linear Commercial Corridor) zoning allows for retail, office, restaurant, gas stations, and many other uses, including auto dealerships and similar operations.
The front building is 3, 000 square feet with a wide open plan, perfect for several sales desks, and a reception and activity area for clients. There are two private offices in the rear of the building, a staff kitchen area, and two bathrooms. The building is well maintained, clean and well laid out, with tile throughout.
The second building is a 2, 500 SF warehouse with (3) three newer roll up doors, and wide open space in the building itself. There is a small reception area with a private office and one bathroom. The auto repair equipment is negotiable - there are 3 newer Atlas lifts, and Ingersoll Rand 7. 5 HP compressor and Atlas wheel balancer and tire changer. Lastly, there is additional storage space in a second story loft.
The single family home on the property could easily be re-utilized as another use, but as it stands, it is a 3 bedroom, 1 bath home with a metal roof, an open plan living dining area, and a large kitchen with a pass through counter. The home needs some love, but could easily be monetized.
The main entrance to the property is on US 92, and there is also an additional entrance through Thompson Road.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $537 | $537 | $537 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,546 | $4,605 | $6,265 |
Total Monthly Payment | $5,175 | $5,234 | $6,894 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.