8418 US HIGHWAY 98
LAKELAND, FL 33809

Property

Ownership: Fee Simple
Type: Unknown
Lot Size: 10.1 Acres

Financials

Price:$3,999,000
Annual Taxes:$7,935
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of BHHS FLORIDA PROPERTIES GROUP

PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY ON US HIGHWAY 98 NORTH IN LAKELAND !

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.

Amenities

  • Electrical Nearby
  • Sewer Nearby
  • Water Nearby

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.