$1,200,000
$1,350,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
125 S KENTUCKY AVE Lakeland, FL 33801
4,400 SqFt
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with FLORIDA REALTY INVESTMENTS
GET MORE INFORMATION