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550 Commerce Drive, LAKELAND, FL 33813
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550 Commerce Drive
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  • MLS#: W7885772 ( Commercial Sale )
  • Street Address: 550 Commerce Drive
  • Viewed: 3
  • Price: $5,250,000
  • Price sqft: $345
  • Waterfront: No
  • Year Built: 2008
  • Bldg sqft: 15233
  • Days On Market: 2
  • Additional Information
  • Geolocation: 27.959 / -81.9642
  • County: POLK
  • City: LAKELAND
  • Zipcode: 33813
  • Provided by: VIP EXECUTIVE REALTY LLC
  • Contact: TOM Bible
  • 813-475-6019
  • mfrmls
  • DMCA Notice
  • Description
    This offering presents a rare opportunity to acquire a mission critical asset leased to the U.S. General Services Administration (GSA), providing investors with secure, long term income backed by the full faith and credit of the federal government. Strategically positioned within a growing Florida market, the asset offers both income stability and potential long term upside supported by favorable regional fundamentals. This investment is particularly attractive for buyers seeking a passive, low management asset with institutional grade tenancy. The strength of a GSA lease, combined with the propertys functional design and established occupancy, creates a compelling opportunity to secure a high quality government backed income stream. The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. COMM SE COR OF SW1/4 OF NE1/4 OF SEC RUN N00-15-30W 200 FT S90-00-00W 1265.17 FT S12-53-54E 303.74 FT N77-06-06E 128.19 FT S12-53-54E 102.83 FT TO POB CONT S12-53-54E 61.23 FT TO CURVE RUN WLY ALONG CURVE 62.97 FT N12-53-54W 60.12 FT TO PT ON R/W LIN E OF COMMERCE DR RUN ELY ALONG SAID CURVE & R/W 62.81 FT TO POB
Living Area
  1. 0.00
Area Major
  1. 33813 - Lakeland
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 23-29-13-000000-023100
Property Type
  1. Commercial Sale
Road Frontage Type
  1. County Road
Tax Year
  1. 2025
Township
  1. 29
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/W7885772
Year Built
  1. 2008
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