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120 S Kentucky Ave
Lakeland, FL 33801 City of Lakeland

$1,200,000 USD

Storefront For Sale • 4,200 SF

Property Details

Property Type Storefront
Total Building Size 4,200 SF
Lot Size 0.11 AC
Building Class B
Year Built 1969
Cap Rate 5.02 %
Tenancy Multiple
Zoning C-7

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Prime downtown location, zoned C-7, City of Lakeland.  Uses abound in this zoning classification, and include retail, office and restaurant.
                            
                                100% leased with established tenants with each of 15+ years and stable income. 3% annual increases.  5 designated parking spaces.
                            
                                Close to a NNN arrangement.  Owner pays property taxes, and insurance.   TENANT RESPONSIBLE FOR - HVAC, plumbing electrical, and interior repairs.
                            
                                Landlord expenses include property taxes at $5,109 per year, insurance at $2,851.  Roof Re-Sealed in August 2023.
                            
                                Connectivity to Munn Park, City Hall, Bonnet Springs Park, Florida Southern College, The Joinery, RP Funding Center, hotels, restaurants/retail
                            
                                Lakeland is located between Tampa and Orlando on the I-4 corridor, and is a growing City within one of the fastest growing counties in the US.

Property Flyers

2Property Brochure 120 S Kentucky

Financial Summary (Actual)

Net Operating Income: $60,293 USD (2025)

Cap Rate:	5.02 %
Total Expenses:	$8,741 USD

Amenities

24 Hour Access
Restaurant
Tenant Controlled HVAC
Storage Space
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lakeland (Silver Star - Amtrak)	1 min	5 min	0.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Craig Morby 863-581-0059 Saunders Real Estate

120 S Kentucky Ave Lakeland, FL 33801 City of Lakeland