8418 Us Highway 98 N, Lakeland, FL 33809

$3,999,000

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List Price
$3,999,000
Status
Active
Days on Market
0
MLS#
L4965818
Lot Size
159,790
Acres
10.13
Total Acreage
10 to less than 20
MLS Area Major
Lakeland / Polk City

Property Description

PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY ON US HIGHWAY 98 NORTH IN LAKELAND! Discover 10.13 contiguous acres offering outstanding highway visibility, approximately 325 feet of frontage along US Highway 98 North, and a strategic location in one of Lakeland's established commercial corridors. This unique offering consists of two adjoining parcels totaling approximately 7.92 acres and 2.21 acres, providing an opportunity for investors, developers, and businesses seeking substantial acreage along a major Central Florida transportation corridor. The property benefits from its location along a heavily traveled roadway surrounded by established commercial activity and growing residential communities. The existing Linear Commercial Corridor (LCC) future land-use boundary extends beyond the 2.21-acre commercial parcel and into the adjoining 7.92-acre residential parcel, presenting an opportunity to pursue additional commercial land-use and zoning approvals within the established corridor. The MLS reflects a county-imported C-3 zoning designation; however, zoning and land-use classifications may differ between the parcels. Any proposed changes in use, rezoning, or development are subject to Polk County review and applicable governmental approvals. The property features direct frontage along US Highway 98 North and access from Banana Road, offering multiple points of connectivity. Preliminary utility research has identified nearby public water infrastructure and potential service connection opportunities, subject to utility provider confirmation, engineering requirements, available capacity, and associated improvements. The substantial acreage and highway exposure make this an attractive opportunity to explore a variety of development concepts, including potential phased development, subject to applicable land-use regulations and site-specific feasibility. Two existing manufactured homes used as rentals are located on the property and are included in the sale, although the property is being marketed primarily for its land value and development potential. Conveniently located in North Lakeland with access to surrounding residential neighborhoods, established businesses, and major transportation routes, this offering presents an opportunity to secure a sizable landholding in the Lakeland market. Buyer and buyer's representatives are responsible for independently verifying zoning, future land use, utilities, access, permitted use, environmental conditions, development feasibility, and all applicable governmental requirements.

Additional Information

Taxes
$7935
Community Features
No Deed Restriction
Zoning
C-3
Utilities
Electrical Nearby, Sewer Nearby, Water Nearby
Pool
No Pool
Flood Zone Code
X
Parcel ID
23-27-11-000000-012020
Legal Description
See Attachments

Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. 863-701-2350

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