Corner parcel with direct frontage and excellent visibility to ±18,000 vehicles per day
Flexible favorable C-2 zoning allows for business, professional and retail uses
Dense demographics with 5-mile population of ±73,653 and annual household income of ±$60,470
Absolute $1 Auction - NO Reserve
CBRE and RealINSIGHT Marketplace are pleased to present a ±0.29 acre land parcel located adjacent to 725 S Lakeshore Way in Lake Alfred, Florida (the “Property”) within the Lakeland Msa. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is an undeveloped, vacant parcel located immediately adjacent to Dollar General. The Property offers frontage and visibility on US Route 17/92 and benefits from traffic counts of ±18,000 vehicles per day. The Property is zoned C-2, Retail Commercial District, and offers favorable flexible zoning that allows for business, professional offices and all legal retail product sales, and services normally located in a central business area.
Strategically positioned in central Florida, the Property is part of the Lakeland MSA relatively equidistant between Orlando to the northeast and Tampa to the southwest. US Route 17 and US Route 92 converge in Lake Alfred to form one of Florida's major roadways from St. Petersburg on the gulf coast of Florida to the Atlantic Ocean on the east coast. The Property's 2020 demographics within a 5-mile radius has a population of ±73,653, an average HH income of ±$60,470 and total annual consumer spending of ±$616,986,000. The Property is located within a high growth area with population growth of 20.75% from 2010-2020 and an anticipated 12.22% growth expected from 2020-2025 within 5-miles of the Property. The city has a business-friendly reputation with its business incentive program (Core Improvement Area). Businesses are interested in Lake Alfred due to its convenient central Florida location with proximity to the I-4 Corridor, Orlando and Tampa International Airports and the new intermodal CSX railway.
This opportunity gives potential investors the ability to acquire a ±0.29 AC parcel development site at a significant discount with huge value-add enhancement potential.