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1-863-431-8584
SERHANT
1405 Olive Street, Lakeland, FL 33815
- $949,000
- List Price
- $949,000
- Status
- Active
- Days on Market
- 0
- MLS#
- TB8562746
- Lot Size
- 177,807
- Acres
- 4.08
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Westgate Sub
- MLS Area Major
- Lakeland
Property Description
Industrial property offering approximately 4.08 acres zoned I-2, conveniently located near downtown Lakeland. The property is fully fenced and well-suited for outdoor storage, equipment storage, and industrial yard operations. A key feature of the property is an active CSX rail spur located at the rear of the property, providing potential rail access for industrial users. A CSX approval letter is available authorizing upgrades to the existing rail spur without requiring a permit. The property currently generates $3,000 per month in rental income from a towing company leasing approximately one acre, leaving roughly three acres available for additional use or potential income opportunities. A current survey is available. The property is a former brownfield site subject to a restrictive covenant. Any proposed new construction requires approval from the applicable environmental agency. Per the seller, there is no exterior contamination, and the property is suitable for continued outdoor storage and yard operations in its current condition. With existing rental income, rail infrastructure, industrial zoning, and available acreage, this property presents an opportunity for industrial users or investors seeking a functional site in the Lakeland market.
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Additional Information
- Taxes
- $1
- Community Features
- No Deed Restriction
- Zoning
- IND
- Utilities
- Electricity Available, Sewer Available
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 23-28-23-100500-001180
- Legal Description
- WESTGATE SUB PB 10 PG 23 BLK 1 LOTS 18 TO 37 & BLK 4 LOTS 1 TO 20 & DELAWARE AVE LYING BETWEEN BLK'S 3 & 4 AND COMMERCE ST BETWEEN BLK 1 & 4 AND EXTENDING ELY FROM THE NE COR OF LOT 14 BLK 3 TO ITS INTER WITH ILLINOIS AVE ON THE EAST AND ILLINOIS AVE BETWEEN BLK 1 & 4 EXTENDING SOUTHERLY FROM COMMERCE ST ON THE NORTH TO WEST OLIVE ST ON THE SOUTH LESS BEG SE COR BLK 3 RUN N00-05W 290 FT TO S LN LOT 17 BLK 1 RUN E 5 FT TO SE COR OF SAID LOT 17 RUN S00-05E 290 FT TO WEST OLIVE ST RUN W 5 FT TO POB
Listing courtesy of COMPASS FLORIDA LLC. 727-380-2067
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