Industrial Building With Entitlements For Up To 174 Units Per Acre

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale the industrial building and future development site located at 300 Lime Street W in Lakeland, FL (the “Property”). The Property is a premier 17.11-acre site located in the heart of Lakeland, FL. It features a 181,720 SF industrial building net leased to Gannett Company, Inc. (GCI), a tenant with strong creditworthiness and a long-standing reputation in the region. Recently secured entitlements allow up to 174 units per acre - up to 2,975 total units. This is a rare combination of immediate, stable cash flow and significant redevelopment upside.

Situated in Downtown Lakeland, the Property is strategically located near major attractions, including the RP Funding Center, retail hubs, and cultural landmarks. Its proximity to Interstate 4 makes it a critical midpoint between Tampa and Orlando, enhancing its appeal for both residents and businesses.

Lakeland is experiencing rapid population growth and a surge in multifamily demand, driven by its affordability and central location within Florida. The US Census Bureau shows the Lakeland MSA as the #2 fastest growing metropolitan area in the country. Polk County ranked #1 in Florida for net in-migration, and fourth in the nation. The conceptual designs and zoning flexibility provide a unique opportunity to capitalize on this growing market, positioning the Property as a flagship mixed-use or residential development site.