Downtown Lakeland Mixed Use Building

For Sale

230 N Kentucky Ave, Lakeland, FL 33801

This Lakeland property for sale is located at 230 N Kentucky Ave. The general use of Downtown Lakeland Mixed Use Building is office and it incorporates 12,535 square feet of class A office space. The current listed sale price for Downtown Lakeland Mixed Use Building is $4,250,000. Downtown Lakeland Mixed Use Building is situated on a lot that is 0.1 acre in size.

Contacts

broker
Craig Morby

Saunders Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 12,535 SF
  • Units 3
  • Lot Size 0.1 Acre
  • Additional Rent Contact for pricing
  • Building Class A
  • Year Built 1920
  • Year Renovated 2017
  • Date Updated Dec 20, 2024
Located in the colorful Historic District of Downtown Lakeland, this property is well positioned, enjoying walkable and active streets. Lakeland is about one hour southwest of Orlando and just over 45 ± minutes east of Tampa. Major thoroughfares in the area are State Road 33, Hwy 98, and I-4. Downtown Lakeland is described as a vibrant art scene, filled with beautiful parks and gardens to visit as well as delicious eateries to enjoy. Lakeland is also home to major corporations that often work together to support the community by a shared vision of growth and prosperity. Major employers include Publix Super Markets, Lakeland Regional Health, Polk County School district, Geico, and Saddle Creek Logistics Services.Unique opportunity to purchase this fully renovated (2017), historic, 12,535 SF freestanding mixed use building located in the center of downtown Lakeland's business and shopping district. This property is FULLY LEASED, with a well established retail store on the first floor, a nationally recognized firm on the 2nd floor, and residential tenant/owner on the third and fourth floors, who will consider a lease back. Long term triple net (NNN) leases are in place for the 1st and 2nd floors. Not only does this property generate considerable income, it provides an exceptional living experience. The luxury residence includes a three car garage on street level and a 4th floor she shed/man cave with prep kitchen and rooftop deck with hot tub - the perfect place to entertain and watch special downtown event fireworks from Lake Mirror. This is a remarkable opportunity to tap into one of the country's most desirable, fast growing communities.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 230 N Kentucky Ave, in downtown Lakeland, FL, is a fully fire sprinkled, recently built structure within the walls of a 1920 historic Lakeland building.
  • 12,535 SF / 4 floors / 4-stop elevator roof deck patio and kitchenette.
  • First floor - 2,500 SF in retail shop (Stationery Loft), includes 576 SF of shop storage area. The Tenant has 15+ years remaining on its 25 year NNN lease. The first floor also features a 3 car garage on trendy Trader's Alley for the private residence.

Getting around

  • 81/100

    Walk Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lakeland, FL
  • Neighborhood Downtown Lakeland
  • Zip Code 33801
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Lakeland

    0.21 miles

  • 7-Eleven

    2.41 miles

  • Mobil

    2.44 miles

  • Speedway

    2.69 miles

  • BP

    3.47 miles

  • Lakeland Supercharger

    3.76 miles

  • Sam's Club Fueling Station

    3.82 miles

  • Exxon

    3.93 miles

  • Citgo

    4.84 miles

  • Parking Lot BB

    1.00 miles

  • Parking Lot R

    1.00 miles

  • Parking Lot B

    1.04 miles

  • Parking Lot C

    1.10 miles

  • Parking Lot J

    1.25 miles

  • Gow B. Fields Park & Ride

    2.69 miles

  • Visitor Parking

    6.02 miles

  • Adopotion Center Parking

    6.07 miles

  • Economy Parking

    9.47 miles

  • The Terrace Hotel

    0.17 miles

  • Hyatt Place

    0.50 miles

  • SpringHill Suites

    0.50 miles

  • America's Best Inn Lakeland

    0.65 miles

  • Relax Inn LAKELAND

    1.21 miles

  • Siesta Motel

    1.46 miles

  • Westmont Inn

    1.65 miles

  • Ramada

    2.72 miles

  • Howard Johnson Lakeland

    2.79 miles

  • TownePlace Suites Lakeland

    2.89 miles

  • Publix

    2.18 miles

  • Walmart Supercenter

    3.15 miles

  • Ross

    3.16 miles

  • Winn-Dixie

    3.23 miles

  • Target

    3.31 miles

  • Marshalls

    3.33 miles

  • JCPenney

    3.36 miles

  • Bulk Nation

    3.39 miles

  • Kohl's

    3.40 miles

  • Lakeland Square Mall

    3.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Craig Morby

Saunders Real Estate