Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete, Stucco

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    2.71

  • Lot Size(square feet)

    118048.0

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $5,250,000

  • Tax Amount

    $32,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

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Location

County

Polk

Elementary School

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Listing Courtesy of TOM Bible , VIP EXECUTIVE REALTY LLC

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This offering presents a rare opportunity to acquire a mission-critical asset
leased to the U.S. General Services Administration (GSA), providing investors
with secure, long-term income backed by the full faith and credit of the federal
government. Strategically positioned within a growing Florida market, the asset
offers both income stability and potential long-term upside supported by
favorable regional fundamentals. This investment is particularly attractive for
buyers seeking a passive, low-management asset with institutional-grade tenancy. The strength of a GSA lease, combined with the property’s functional design and established occupancy, creates a compelling opportunity to secure a high-quality government-backed income stream. The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.

550 COMMERCE DRIVE

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Related Properties

THE PROPERTY IS A HISTORIC RELIGIOUS LANDMARK WITH OLD WORLD ART FEATURED IN THE FORM OF EXQUISTELY CRAFTED STAIN GLASS WINDOWS ALL AROUND THE STRUCTURE AND A RARELY FOUND PIPE ORGAN PIECE, PEWS AND MANY OTHER EXTRAS.

THE BUILDING 1 IS OFFERED IS 14300 SQ.FT. IS ZONED C 2 BY THE CITY OF LAKLAND AND BUILDING 2 IS BEING USED AS A FULLY FUNCTIONAL MEDICAL CLINIC WITH AN OUTPATIENT PROCEDURES.

THERE IS ALSO FULLY PAVED WITH UPGRADED FENCING ALL AROUNG THE ADJOINING PARKING OF LOT 0.15 ACRES AND 0.51 ACRES. TOTAL PARCEL WITH BOTH THE BUILDINGS AND PARKING MORE THEN LOT 1.1 ACRES. SOME RENOVATION IS REQUIRED. 

ALL OF THE 3 PARCELS OF 1.06 ACRES INCLUDED UNDER THE ROOF CONSTRUCTION OF 23,7000 SQFT (BLDG. 1 AND 2) AND 0.66 ACRES PARKING LOT IS BEING OFFERED TO PURCHASE. 

LOCATED WITHIN DIXIELAND COMMUNITY REDEVELOPMENT AREA WITH VARIOUS GRANTS AVAILABLE DUE TO BEING IN HISTORIC DISTRICT AND A LANDMARK STRUCTUTRE.

Investment Highlights
The Building Has Potential to Be Rezoned for Residential Use, Apartments or Condos or for Original Purposes.

The Building and Parking Lot Being Are Being Offered, Both Are on the Main Road of Lakeland and Have High Visibility.

The Air Rights Are Available and Would Be Facing the Lake Water View.

The Vehicle Counts Are High.

Property Type:(Coms)assembly Building

Living Area: 23,700 SF
#TB8328654

LAKELAND

541 S FLORIDA AVENUE

None Beds

None Baths

23,700 Sq.Ft.

$4,750,000

MLS#: TB8328654

 - property

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