18.26 ACRE RETAIL and/or MULTI-FAMILY SITE US 98 N & Norton Rd

Vacant Land for Sale
Catylist Listing ID: 29986493
Property Subtypes: Multi-Family, Retail, Retail-Pad
Gross Land Area: 18.26 Acres
Sale Price: $3,600,000
Unit Price: $197,152 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2017

Overview / Comments

This 18.26 acre site is located in the northeast corner of US 98 North and Norton Road, two miles north of Lakeland Square Mall, between Walmart at  Daughtery Road and Publix at  Marcum Road. The property is currently used  as pasture. The Polk County Planning Commission has recommended re-zoning for retail for as much as 10 acres on the front, or entire 18.26 acres can be used for multi-family, with 15 or more units per acre.  Final approval by the County Commission is expected this Fall. 

The property’s north end shares an opening in the median of US 98 with the Badcock furniture store. The traffic count is 41,500 AADT.

Directions to the Site:

From Tampa: Take I-4 to Exit 32 (US 98). Turn left (north) onto US 98 North. Go under the I-4 overpass and drive north on US 98 for 2.6 miles to Norton Road. The Property will be on your right.

From Orlando: Take I-4 to Exit 32 (US 98). Turn right (north) onto US 98 and drive north on US 98 for 2.6 miles to Norton Road. The Property will be on your right.

RETAIL / MULTI-FAMILY SITE US 98 N & Norton Road, Lakeland, Florida 33809

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 232724000000033002
Property Visibility: Excellent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,525 53,813 94,925
Median Age: 46.42 41.46 40.12
Households: 2,681 21,204 36,157
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.