PROPERTY FOR SALE. SRDcommercial.com ,400 +/- SF of Office Warehouse Space 2234 Old Tampa Highway, Lakeland, FL $599,000

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1 PROPERTY FOR SALE 10,400 +/- SF of Office Warehouse Space 2234 Old Tampa Highway, Lakeland, FL $599,000 State Road 542 Subject Property SRDcommercial.com

2 TABLE OF CONTENTS Agent Information 3-4 Executive Summary 5 Property Highlights 6 Regional Location Map 7 Location Map 8 Demographics Information 9-11 Market Area 12 Trade Area 13 Neighborhood Aerial 14 Site Aerial 15 Building Information 16 Photos Zoning Information 21 Permitted Uses Tables Confidentiality & Disclaimer 26 SRDcommercial.com page 2

3 AGENT INFORMATION Greg Smith Sales Associate Greg Smith is the multi-family specialist at Coldwell Banker Commercial Saunders Ralston Realty, LLC (CBCSRD), whose primary emphasis is on mobile home parks and campgrounds. In addition, he specializes in small- to mid-sized office and industrial properties with an REO asset liquidation concentration. Born in Savannah, GA and raised in Ocala, FL, Greg studied business administration at The College of Central Florida. After a successful 20-year automotive career in sales and finance, he retired from his sales manager position at Jarrett Ford Automotive Group and pursued new interests in real estate. In 2007, Greg obtained his commercial real estate license. He is currently a member of the Lakeland Association of Realtors (LAR), Florida Realtors, and the National Association of Realtors (NAR). Greg currently serves for his third year as the Chairman of the Commercial and Industrial Division (CID) of LAR and served on the association s board of directors, as well as being the past board of director of the Lakeland Christina Rotary Club. Contact Information: BBurke@SRDcommercial.com Greg@SRDcommercial.com Greg resides in Lakeland, FL with his wife and son. Family interests include scuba diving, instructing Tae-Kwon-Do, and a love of hunting, fishing, and traveling. Disciplines: Multi-family Properties Mobile Home Parks (MHP) Small- to Mid-sized Offices Industrial Properties with an REO Asset Liquidation Concentration. SRDcommercial.com page 3

4 AGENT INFORMATION Kyle Vreeland Sales Associate Kyle is the industrial and office real estate specialist at Coldwell Banker Commercial Saunders Ralston Dantzler Realty. He is a recognized subject matter expert on industrial/office properties in Polk County. He also leads the company s consulting practice in the areas of building analysis and space planning, as well as development feasibility including architecture and construction. From 2003 to early 2010 Kyle was a partner of Smithland Development and Chiefland Properties in Lakeland. As the managing partner, he led the acquisition and development programs, including design and permitting. Kyle was also responsible for supervision of construction, leasing and property management. He has over twenty years of experience in design and construction in Polk County, including tenure with Furr&Wegman Architects, Rodda Construction, and Straughn Trout Architects. Kyle is an honors graduate of the Florida A&M School of Architecture, and has participated in master s post-graduate studies at the University of South Florida. Disciplines: Awards: Contact Information: kyle@srdcommercial.com Industrial Properties Building Analysis Space Planning Development Feasibility Positions: CBC EBT Rookie of the Year 2016 Realtor of the Year President Elect and Treasurer of the Lakeland Association of Realtors ( ) Member of the Lakeland Rotary Club Former member of Historic Preservation Board of Lakeland Active member of All Saints Episcopal Church Member of the Asian Real Estate Association of America (AREAA) Polk Theatre Trustee and Chairman of the Board SRDcommercial.com page 4

5 EXECUTIVE SUMMARY Site Address: County: 2234 Old Tampa Highway Lakeland, FL Polk PIN (Property Identification Number): Land Size: Building Size: Year Built: Property Use: Utilities: Zoning: /- Acres Building 1: 8,400 +/- SF Building 2: 2,000 +/- SF Building 1: 1979 Building 2: 2002 Warehousing, distribution terminals, trucking terminals Water and sewer BPC-2: Business Park Center 2 (Polk County) Taxes: $7, (2016) Traffic Count: 3,400 on SR 542 Price: $599,000 SRDcommercial.com page 5

6 PROPERTY HIGHLIGHTS Location Subject property located on Old Tampa Highway in Lakeland, FL Proximity to I-4, US 92 and the Polk Parkway (SR 570) optimum for distribution and logistics Nearby manufacturing and distribution businesses include Amazon, Publix, Rooms to go, and Southern Wines and Spirits among others Over 6,500,000 people in 60 miles and 7,072,270 in 90 minutes Site/Building 300 +/- ft. of road frontage on Old Tampa Highway 3,400 with full access from Old Tampa Highway Property includes a fenced storage yard in good condition 750 +/- ft. away from a signalized intersection at S. Wabash Avenue and Old Tampa Highway Political/Legal Previously the front of the property was zoned commercial and the rear was residential. The property owners applied for a land use change and it is now 100% Business Park Center (BPC-2) zoning threw Polk County The BPC-2 district permits light manufacturing, fabrication, assembly, distribution and wholesaling activities, and some retail uses to support the businesses and activities within the Business Park Center SRDcommercial.com page 6

7 REGIONAL LOCATION MAP Orlando Tampa Subject Lakeland Located within the Lakeland-Winter Haven MSA SRDcommercial.com page 7

8 LOCATION MAP Lakeland Subject Located on Old Tampa Highway in Lakeland, FL Proximity to I-4, US 92, and the Polk Parkway (SR 570) SRDcommercial.com page 8

9 DEMOGRAPHICS 30 & 60 mile radius SRDcommercial.com page 9

10 DEMOGRAPHICS 30, 60, 90 minute drive SRDcommercial.com page 10

11 DEMOGRAPHICS Benchmark Demographics 30 miles 60 miles 30 minutes 60 minutes 90 minutes Polk FL US Population 1,703,237 6,504, ,149 3,397,930 7,072, ,431 20,619, ,580,626 Households 632,263 2,567, ,603 1,272,849 2,784, ,585 8,064, ,786,233 Families 425,854 1,647, , ,335 1,793, ,355 5,223,357 80,307,260 Average Household Size Owner Occupied Housing Units 385,577 1,596, , ,280 1,743, ,764 5,071,790 76,427,142 Renter Occupied Housing Units 246, ,123 76, ,569 1,040,795 83,821 2,992,867 45,359,091 Median Age Trends: Annual Rate Population 1.56% 1.65% 1.24% 1.76% 1.63% 1.28% 1.36% 0.84% Households 1.47% 1.55% 1.16% 1.66% 1.54% 1.19% 1.30% 0.79% Families 1.40% 1.51% 1.09% 1.62% 1.50% 1.13% 1.25% 0.72% Owner HHs 1.35% 1.43% 1.01% 1.52% 1.43% 1.09% 1.19% 0.73% Median Household Income 2.05% 2.09% 2.05% 2.04% 2.07% 2.46% 2.13% 1.89% Households by Income <$15, % 11.50% 11.30% 11.30% 11.30% 12.30% 12.00% 12.50% $15,000 - $24, % 12.10% 12.40% 11.60% 11.80% 12.90% 11.70% 10.10% $25,000 - $34, % 11.50% 11.60% 11.30% 11.40% 12.20% 11.10% 10.10% $35,000 - $49, % 15.10% 15.70% 14.90% 15.00% 16.20% 14.60% 13.30% $50,000 - $74, % 19.20% 20.50% 19.40% 19.20% 19.80% 18.70% 17.70% $75,000 - $99, % 11.70% 12.10% 12.00% 11.80% 12.10% 11.70% 12.30% $100,000 - $149, % 11.00% 10.40% 11.40% 11.30% 9.20% 11.50% 13.40% $150,000 - $199, % 3.90% 3.30% 4.00% 4.10% 2.70% 4.30% 5.30% $200, % 4.00% 2.70% 4.10% 4.10% 2.50% 4.60% 5.40% Median Household Income $50,222 $49,661 $48,746 $50,786 $50,422 $45,704 $50,606 $54,149 Average Household Income $68,172 $69,657 $64,491 $70,577 $70,800 $61,763 $72,632 $77,008 Per Capita Income $25,787 $28,006 $24,214 $26,952 $28,401 $23,623 $28,921 $29,472 Population by Age % 5.50% 6.30% 6.10% 5.40% 6.00% 5.30% 6.20% % 5.60% 6.30% 6.10% 5.60% 6.10% 5.50% 6.30% % 5.70% 6.30% 6.20% 5.70% 6.10% 5.60% 6.50% % 5.70% 6.20% 6.20% 5.80% 5.90% 5.70% 6.60% % 6.40% 6.40% 7.00% 6.60% 6.00% 6.40% 7.10% % 13.30% 13.50% 14.40% 13.30% 12.60% 13.10% 13.60% % 11.90% 11.90% 12.80% 11.90% 11.40% 11.80% 12.60% % 12.90% 12.50% 13.00% 12.90% 12.00% 13.00% 13.30% % 13.30% 13.00% 12.40% 13.30% 13.10% 13.50% 12.80% % 11.20% 10.30% 9.40% 11.10% 12.00% 11.30% 8.80% % 5.90% 5.30% 4.60% 5.90% 6.40% 6.20% 4.30% % 2.60% 2.00% 1.80% 2.60% 2.40% 2.70% 1.90% SRDcommercial.com page 11

12 MARKET AREA 8, ,000 40,000 30,500 Lake Parker 103,500 23,500 25,500 38,500 5 miles 110,000 Manufacturing Credit Union 16,600 Employment 33,000 Bakery Subject 26,000 27,000 3,000 Lake Hollingsworth 7 miles SRDcommercial.com page 12

13 TRADE AREA 103,500 Butter Krust Bakery 17,128 Linkameria Express Avery s Used Cars & Trucks Lakeland Farmers Market 23,500 25,500 Francisco Collision Center Lake Bonnet Manufacturing Warehouse Bakery Credit Union 16,600 Print Shop Employment Subject Sylvite Southeast Ltd 26,000 3 miles Silver Moon Drive In Lake Hunter 3, miles SRDcommercial.com page 13

14 NEIGHBORHOOD AERIAL New Tampa Highway 16,600 Print Shop Employment 10,100 CSX Old Tampa Highway CSX 3,400 Subject Kwik Stop Food Stores Lowman s Motors S Wabash Avenue Tidwell s Urethane Foam Service Self Storage A-1 Cabinets Inc. Plateau Avenue 3,000 SRDcommercial.com page 14

15 SITE AERIAL Full Access CSX 300 +/- ft. Old Tampa Highway 3, /- ft. Elizabeth Street Subject 1,005 +/- ft. 90 +/- ft /- ft. S Wabash Avenue 380 +/- ft. 3,000 SRDcommercial.com page 15

16 BUILDING INFORMATION Buildings BUILDING 1 ( OFFICE BUILDING) Building Characteristics Total Under Roof: 8,400 sqft Living Area (as originally constructed): 5,600 sqft Actual Year Built: 1979 Effective Year: 1979 Wall Structure: CONCRETE (M & S CRNT MULTIPLIER) BUILDING 2 ( SHELL BUILDING - OPEN MEZZANINE) Building Characteristics Total Under Roof: 2,000 sqft Living Area (as originally constructed): 2,000 sqft Actual Year Built: 2002 Effective Year: 2002 Wall Structure: STEEL SRDcommercial.com page 16

17 PHOTOS SRDcommercial.com page 17

18 PHOTOS SRDcommercial.com page 18

19 PHOTOS SRDcommercial.com page 19

20 PHOTOS SRDcommercial.com page 20

21 ZONING Subject Business Park Center-2 (BPC-2) The purpose of the BPC-2 district is to provide areas for light-industrial activities. The BPC-2 district permits light manufacturing, fabrication, assembly, distribution and wholesaling activities, and some retail uses to support the businesses and activities within the Business Park Center. SRDcommercial.com page 21

22 LEGAL PERMITTED RESTRICTIONS USES TABLE SRDcommercial.com page 22

23 PERMITTED USES TABLE SRDcommercial.com page 23

24 PERMITTED USES TABLE SRDcommercial.com page 24

25 PERMITTED USES TABLE SRDcommercial.com page 25

26 CONFIDENTIALITY & DISCLAIMER About Coldwell Banker Commercial Saunders Ralston Dantzler Realty Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida s I-4 corridor s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide who have achieved a $5 billion total amount in investment sales and leasing transactions Founded by three highly-recognized CCIM-designated Florida brokers, the company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records. SRDcommercial.com page 26