LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL Ashley Bloom National Land & Development Services Product Council Chairman 941.961.7109 ashley.bloom@svn.com SVN Florida Commercial Real Estate Advisors 2044 Constitution Blvd., Sarasota, FL 34231 OFFERING MEMORANDUM
SVN Florida Commercial Real Estate Advisors 2044 Constitution Blvd., Sarasota, FL 34231 OFFERING MEMORANDUM
1 PROPERTY INFORMATION Address Not Disclosed Lakeland, FL LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 3
Property Summary OFFERING SUMMARY Sale Price: Lot Size: Zoning: Subject To Offer 4.4 Acres LCC - Linear Commerical Corridor PROPERTY OVERVIEWVIEW The Subject Property is being sold via an accelerated marketing / auction sale. The sale provides an excellent opportunity to acquire a strategically located commercial parcel for development. The Asset is located between a grocer and a dollar store which creates a number of viable development uses. Having significant visibillity on Highway 92 that has over 30,000 car a day. The Seller has provided a Survey (including Topographical) as well as an updated Title Policy as part of the due diligence material. This combined with the existing Land Use provides a strong opportunity to acquire a property for development. PROPERTY HIGHLIGHTS Market: Lakeland Submarket: Highway 92 Price / SF: - 4.4 Acre Commercial Property on Highway 92 Zoning Allows a Myriad of Uses Low Taxes & Carry - Billboard Income Possible Being Offered Via an Accelerated Sale / Online Auction High Traffic Count at Over 30,000 Cars per Day Strategic Location to Central Florida LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 4
Property Description PROPERTY OVERVIEWVIEW The Subject Property is being sold via an accelerated marketing / auction sale. The sale provides an excellent opportunity to acquire a strategically located commercial parcel for development. The Asset is located between a grocer and a dollar store which creates a number of viable development uses. Having significant visibillity on Highway 92 that has over 30,000 car a day. The Seller has provided a Survey (including Topographical) as well as an updated Title Policy as part of the due diligence material. This combined with the existing Land Use provides a strong opportunity to acquire a property for development. LOCATION OVERVIEWVIEW The Subject Property is 4.4 acres of commercially zoned property in Lakeland, FL which is a part of Polk County. The location is just East of Interstate 4 and the heart of the City of Lakeland. This area has seen substantial growth in recent years due to its central location to Tampa and Orlando in Central Florida. The Subject Property currently has a billboard. There is an interest party who would lease the space, but that is being left open for the purchaser to negotiate. The Subject Property has +/- 232 feet of frontage on US 92 / East Memorial Boulevard. It is situated between a Winn Dixie, Family Dollar, and Auto Zone. The location also has access on Woodland Avenue to the East. US 92 is a widely traveled roadway and provides excellent visibility and connectivity to area amenities and other major highways. The Subject Property is Primarily Zoned Linear Commercial Corridor ( LCC ) with a small strip of RL-4. Per the Polk County Planning Department, the asset can all be zoned under the LCC land use. Per the Polk County Comprehensive plan, the purpose of the Linear Commercial Corridor (LCC) land use district is to recognize existing linear concentrations of commercial, office, institutional, and industrial uses along roadways. The LCC land use also allows for multi-family residential on the second floor or higher of new or redeveloped buildings. Therefore, the land use of the Subject Property should be considered to offer a wide variety of development plans. LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 5
Complete Highlights SALE HIGHLIGHTS 4.4 Acre Commercial Property on Highway 92 Zoning Allows a Myriad of Uses Low Taxes & Carry - Billboard Income Possible Being Offered Via an Accelerated Sale / Online Auction High Traffic Count at Over 30,000 Cars per Day Strategic Location to Central Florida LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 6
Additional Photos LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 7
2 LOCATION INFORMATION Address Not Disclosed Lakeland, FL LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 8
Regional Map Lakeland Highway 92 4.4 Acre Commercial Tract LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 9
Location Maps LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 10
Aerial Map Lakeland Highway 92 4.4 Acre Commercial Tract LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 11
3 ADDITIONAL INFORMATION Address Not Disclosed Lakeland, FL LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 12
Plat Map LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 13
Land Use Map LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 14
FDOT Traffic Count Map LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 15
Additional Photos LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 16
4 DEMOGRAPHICS Address Not Disclosed Lakeland, FL LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 17
Demographics Report 1 MILE 3 MILES 5 MILES Total population 7,492 37,774 98,407 Median age 29.8 33.2 37.3 Median age (male) 28.6 32.0 35.4 Median age (female) 31.1 33.8 38.3 Total households 2,513 13,802 38,414 Total persons per HH 3.0 2.7 2.6 Average HH income $43,446 $53,405 $53,479 Average house value $214,638 $149,604 $167,760 * Demographic data derived from 2010 US Census LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 18
Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 7,492 37,774 98,407 Median age 29.8 33.2 37.3 Median age (male) 28.6 32.0 35.4 Median age (Female) 31.1 33.8 38.3 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,513 13,802 38,414 # of persons per HH 3.0 2.7 2.6 Average HH income $43,446 $53,405 $53,479 Average house value $214,638 $149,604 $167,760 * Demographic data derived from 2010 US Census LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 19
5 ADVISOR BIOS Address Not Disclosed Lakeland, FL LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 20
Advisor Bio & Contact 1 ASHLEY BLOOM National Land & Development Services Product Council Chairman PROFESSIONAL BACKGROUND Ashley Barrett Bloom has been affiliated with SVN since 2009. Bloom is licensed with SVN Florida Commercial Real Estate Advisors, which covers the entire State of Florida, with partner Chris Malkin. Bloom services his clients providing national exposure with local expertise. Having a strong network of Branch Offices & Advisors, Bloom has been able to list and sell across Florida. In June 2013, Bloom was named the founding Chairman of the Land Product Council for SVN. Under his leadership, Bloom has helped institute collaborative marketing program, a SVN land website, and land specific sales calls. Personally, Bloom is working on several large tracts of land with local, regional, and national developers. His client list includes several large equity funds and national banks that have entrusted Bloom with land opportunities across the State of Florida. Bloom has also been a member of the National Apartment Team with SVN. Additionally, Bloom has focused on transactional work related to a myriad of asset classes including Flex Warehouse, Retail Centers, and Office. 2044 Constitution Blvd. Sarasota, FL 34231 T 941.961.7109 C 941.961.7109 ashley.bloom@svn.com FL #SL3231913 Prior to joining SVN, Bloom specialized in land planning, commercial development, and conversions/renovations. While developing these projects, Bloom has also taken the role of Managing Partner. During that time period, he has successfully acquired, entitled, and sold multiple tracts of Florida Land. Bloom has been developing real estate for 19 years in Florida, North Carolina, and Arkansas. Prior to developing real estate, Bloom worked for Coopers & Lybrand LLP in the Financial Advisory Services division where he obtained his Certified Public Accountant s (CPA) License. Relevant experience included Litigation Support Services, Acquisition Due Diligence, and Financial Modeling. Mr. Bloom has also served on an Advisory Board of a small community bank in South Florida. EDUCATION Lehigh University 1996 - School of Business And Economics MEMBERSHIPS & AFFILIATIONS 1997 State of Illinois - Certified Public Accountant (Inactive) 2012 LEED Green Associate LAKELAND HIGHWAY 92 4.4 ACRE COMMERCIAL TRACT ADDRESS NOT DISCLOSED LAKELAND, FL SVN Florida Commercial Real Estate Advisors Page 21