Stunning Downtown Lakefront Commercial Lot
Land | 0.56 acres
Marketing description
We are pleased to present this truly exceptional commercial lot, one of the last of its kind, situated directly on Lake Morton in vibrant downtown Lakeland.
This property has 105 feet of frontage on the lake and is zoned O-1 (City of Lakeland), positioning it as prime real estate for new development. The O-1 classification allows for a variety of uses, including professional office, personal service establishments, and parking.
With precedent established in the immediate area, the potential for rezoning to multifamily use makes this an even more versatile and highly desirable investment.
The lot is within easy walking distance of downtown Lakeland's core, the charming Dixieland neighborhood, both with their wide array of restaurants and retail, and also the scenic Lake Hollingsworth.
Don't miss this rare opportunity to develop on a premier lakefront commercial site.
*The iconic Wilsonian Building and the adjoining duplex to the west are also for sale, please refer to the "Additional Properties" page in the flyer. Contact listing agents for more information.
For more information: https://commercial.saundersrealestate.com/commercial-property-for-sale/187-lake-morton-drive-lakeland-sale/
Investment highlights
.56 AC commercial lakefront lot in downtown Lakeland
105 feet of frontage along Lake Morton Drive
Zoned O-1, City of Lakeland. Uses include professional office, personal service establishments, and parking. The subject property is zoned O-1/UCO (Low Impact Office/Urban Corridor). Under the O-1 zoning, professional office uses and medical office uses would be permitted by right, as well a multi-family residential uses and single-family attached residential uses (townhomes). Under the Residential High Future Land Use (FLU) designation and the O-1 zoning, multi-family residential uses could be developed at a maximum intensity of 75 DU/acre and a maximum height of 55 feet.
Formerly a two story law office, but now vacant and ready for new development
The pursuit of a multifamily rezone is plausible as the immediate neighborhood is a mix of office and residential
25,000 vehicles per day on South Florida Ave
Lake Morton is one of Lakeland's most prestigious lakes, home to natural bird wildlife, including its famous Swans and the annual Mayfaire on the Lake Art Show held every May
City of Lakeland water, wastewater and electricity
Walking distance to downtown, Dixieland and Lake Hollingsworth
Survey and Phase 1 Environmental Report available
** NOTE- there is an ingress/egress access easement, as well as a utility easement to South Florida Ave. Book 05108 Page 1285. More details available.
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