Offered at $360,000, this two-story, 2,420-square-foot multi-tenant commercial office building presents an opportunity for investors and owner-users seeking an income-producing property with additional leasing potential in central Lakeland.
The property currently generates $22,925 in annual gross rental income from approximately 917 square feet of leased office space. The remaining 1,503 square feet outside the existing leased premises offers potential for additional rental income or owner occupancy.
Depending on layout and applicable approvals, the available space may accommodate three to four additional private offices, creating an opportunity to increase rental revenue and improve the property's overall investment performance.
The property carries O-1 office zoning, supporting professional office uses subject to applicable regulations. A four-point inspection has also been completed.
With existing rental income, additional leasing potential, and a location near downtown Lakeland, this property offers flexibility for investors looking to expand their commercial portfolio or professional users seeking a combination of occupancy and rental income.
Offered at $360,000. Contact the listing agent for additional property details or to schedule a showing.
Listing Courtesy of: BHHS FLORIDA PROPERTIES GROUP
863-701-2350
| Listing Id: | L4966046 |
|---|---|
| List Price: | $360,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Office |
| Status: | Active |
| Living Area: | 2,240 |
| Tax Annual Amount: | $4,537 |
| Lot Size Square Feet: | 9,749 |
| Lot Size Acres: | 0.22 |
| Waterfront?: | No |
| City: | Lakeland |
| County Or Parish: | Polk |
| Subdivision Name: | Dranes 2 Nd Add |
| Postal Code: | 33815 |
| Year Built: | 1917 |
| Number Of Units Total: | 4 |
| Additional Parcels?: | No |
| Appliances: | Dishwasher, Microwave, Refrigerator |
| Building Area Source: | Public Records |
| Building Area Total: | 2240 |
| Building Area Units: | Square Feet |
| Direction Faces: | West |
| Foundation Details: | Concrete Perimeter, Crawlspace |
| Construction Materials: | Stucco, Frame |
| Cooling: | Central Air |
| Gross Scheduled Income: | $44,000 |
| Directions: | Driving Directions to 726 S Missouri Avenue, Lakeland, FL 33815 From North: Take Kathleen Road south toward downtown Lakeland. Turn left onto W Lemon Street, then right onto S Missouri Avenue. From South: Take S Florida Avenue north, turn left onto W Lime Street, then left onto S Missouri Avenue. From East: Take E Lime Street west, continue onto W Lime Street, then turn left onto S Missouri Avenue. From West: Take W Lime Street east, then turn right onto S Missouri Avenue. Property is located near downtown Lakeland in the Dixieland district. |
| Gross Income: | $22,925 |
| Levels: | Two |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.22 |
| Lot Size Dimensions: | 75x130 |
| Postal Code Plus4: | 4738 |
| MLS Area Major: | 33815 - Lakeland |
| MLS Area Major: | 33815 - Lakeland |
| Original List Price: | $360,000 |
| Parcel Number: | 23-28-24-120000-001071 |
| Township: | 28 |
| Road Frontage Type: | Alley, City Street |
| Road Surface Type: | Asphalt |
| Listing Terms: | Cash, Commercial Financing |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Public |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 23 |
| Public Survey Section: | 24 |
| Zoning: | O-1 |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 24-28-23-120000-001071 |
| Annual Income Type: | Actual |
| Building Area Total Srch Sq M: | 208.10 |
| Calculated List Price By Calcula: | 160.71 |
| Ceiling Height: | 10 to 15 Feet |
| Converted Residence Yn: | No |
| Flood Zone Code: | X |
| Flood Zone Date: | 2016-12-22 |
| Flood Zone Panel: | 12105C0315G |
| Freezer Space Yn: | Yes |
| Front Footage: | 75 |
| Green Verification Count: | 0 |
| Living Area Meters: | 208.10 |
| Lot Size Square Meters: | 906 |
| Management: | Owner Manager |
| Office Retail Space Sq Ft: | 2240 |
| Property Manager: | Terri Goleno |
| Realtor Info: | Docs Available |
| Road Frontage Ft: | 75 |
| Sale Includes: | Building(s) and Land, Furniture/Fixtures, Leases |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 1 |
| Unit Number Yn: | No |
| Use Code: | 1830 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Road Responsibility: | Public Maintained Road |
| Attribution Contact: | 863-701-2350 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Freestanding Yn: | Yes |
| Green Energy Generation Yn: | No |
| Number Of Separate Electric Meters: | 1 |
| Number Of Separate Gas Meters: | 1 |
| Number Of Separate Water Meters: | 1 |
| Listing Contract Date: | 2026-11-11 |
| Income Includes: | Parking |
| Tenant Count: | 1 |
| Vacancy Rate: | 0.75 |
| New Construction?: | No |
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Property Last Updated: November 12, 2026 02:29 AM - ET
