Lakeland, FL 33801,125 S KENTUCKY AVE
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Lakeland, FL 33801,125 S KENTUCKY AVE
Lakeland, FL 33801,125 S KENTUCKY AVE
Lakeland, FL 33801,125 S KENTUCKY AVE
Lakeland, FL 33801,125 S KENTUCKY AVE

$1,200,000

Est. payment /mo

$1,350,000

11.1%
Est.Price: ?

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125 S KENTUCKY AVE Lakeland, FL 33801

4,400 SqFt

SOLD DATE : 09/15/2023

Key Details

Sold Price $1,200,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $272

MLS Listing ID O6125989

Sold Date 09/15/23

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1924

Annual Tax Amount $10,134

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40.1x122

Property Description

Incredible opportunity for an owner operator or investor to be right in the middle of downtown Lakeland's busy, Kentucky Ave. Currently operating as two separate entities - a quick service restaurant and micro brewery, each unit offers 2,200 square feet of tastefully finished space. The QSR owners plan to retire, and the micro brewery is on a month to month lease. The demising wall between the spaces can be removed or modified, creating potentially more space or continuing with current two tenant arrangement. The property is zoned C-7, City of Lakeland, and is on city water and sewer. There are four roof top air conditioning systems, all added within the past three year.s The QSR has a hood, and full inventory of equipment which may allow for a true turn key operation.

Lakeland and Polk County are among the fastest growing cities and counties in the country. It's central location in Florida, on the I-4 corridor, the weather and business climate have allowed for tremendous growth. The City of Lakeland, and other business organizations within the City have been very invested in the downtown core, and the dividends have been endless, as restaurants, retail, hotels and public spaces have thrived.

Location

State FL

County Polk

Zoning C-7

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Common

Utilities Available Public

Roof Type Membrane

Building

Story 1

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Financing,Inspections

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by SVN SAUNDERS RALSTON DANTZLER
Bought with FLORIDA REALTY INVESTMENTS

Jeramiah Bustin

License Partner - Broker Associate

+1(813) 857-2120

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