Investor or Owner User Opportunity w/Tenants & Income

119 Allamanda Dr, Lakeland, FL 33803

  • For Sale $575,000
  • Property Type Retail - Street Retail
  • Property Size 2,150 SF
  • Units 2
  • Lot Size 0.06 Acre
  • Parking Spaces Avail. 8
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1953
  • Year Renovated 2004
  • Date Updated Mar 17, 2025
Located on Allamanda Drive, just across from Southgate Shopping Center.Investor or potential owner/user opportunity. Located just off of South Florida Ave near Southgate Shopping Center, we are pleased to present this fully leased retail/office building on Allamanda Drive. Comprising 2,150 SF, the property currently collects $44,000 per year in rent PLUS another $6,400 in yearly expenses charged back to the tenants. Each space is approx. 1,075 SF - the current tenants are a mattress retailer and pet groomer. The pet groomer has a front reception area, with a separate grooming area just off of the reception area. The remaining area is a work space, pet holding room, laundry, office and bathroom. The mattress retailer space is open by appointment, with flex offices and a bathroom in the rear of the space. The property is zoned C-2, City of Lakeland. This zoning allows for a wide variety of uses, including retail, office, restaurant and many others.
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Highlights

  • One of the best locations in Lakeland, across from Southgate Publix shopping plaza, which is also home to Office Depot, and Ace Hardware. 10 minutes from downtown, 5 minutes from the Polk Parkway, and close to major amenities, including restaurants, retail, and big box.
  • 2,150 SF with two tenants. Zoned C-2, City of Lakeland. C-2 is wide open zoning classification, allowing a wide variety of retail and office uses.
  • Tenant # 1 is an established dog grooming business. Their space consists of 1,075 SF with reception, and several working spaces.
  • Tenant # 2 is a mattress retailer, who currently works by appointment only.
  • Owner collects $44,000 in annual income, and charges back almost all CAM in the amount opf $6,444 per year.
  • Capitalization rate is 7.5%
  • City of Lakeland - electric, water and sewer.
  • Property taxes - $3,193
  • Leases available. Clean environmental report available.

Contacts

broker
Craig Morby

Saunders Real Estate

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Lakeland, FL
  • Neighborhood Lake Hollingsworth
  • Zip Code 33803
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Lakeland

    2.16 miles

  • Mobil

    0.27 miles

  • Speedway

    0.52 miles

  • 7-Eleven

    2.01 miles

  • Sam's Club Fueling Station

    2.33 miles

  • Wawa

    3.34 miles

  • South Fuel Farm

    3.92 miles

  • Circle K

    3.95 miles

  • Racetrack

    4.18 miles

  • Lakeland Supercharger

    5.85 miles

  • Parking Lot B

    1.26 miles

  • Parking Lot J

    1.28 miles

  • Parking Lot BB

    1.33 miles

  • Parking Lot C

    1.36 miles

  • Parking Lot R

    1.38 miles

  • Visitor Parking

    3.85 miles

  • Adopotion Center Parking

    3.90 miles

  • Gow B. Fields Park & Ride

    4.81 miles

  • Peking House

    0.07 miles

  • Waffle House

    0.11 miles

  • Five Guys

    0.12 miles

  • Tokyo Steak House

    0.16 miles

  • Subway

    0.21 miles

  • McDonald's

    0.24 miles

  • Love Bird Almost Famous Chicken

    0.25 miles

  • Shanghai Express

    0.29 miles

  • The Rib House

    0.31 miles

  • Fat Jacks Deli & Pub

    0.35 miles

  • Publix

    0.13 miles

  • Walmart Supercenter

    0.98 miles

  • Marshalls

    1.17 miles

  • Target

    1.44 miles

  • Kohl's

    1.64 miles

  • Belk

    1.67 miles

  • Big Lots

    1.85 miles

  • Winn-Dixie

    2.10 miles

  • Bealls

    2.17 miles

  • Ross

    5.27 miles

Frequently Asked Questions

How much does Investor or Owner User Opportunity w/Tenants & Income cost?

The space currently listed for sale at Investor or Owner User Opportunity w/Tenants & Income asks for $575,000.

What is the total square footage of Investor or Owner User Opportunity w/Tenants & Income?

Investor or Owner User Opportunity w/Tenants & Income totals 2,150 square feet.

When was this property built?

Investor or Owner User Opportunity w/Tenants & Income was built in 1953.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Craig Morby

Saunders Real Estate

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