Retail•Community Center•For Sale

East Lakeland Restaurant and Retail

3415 East County Road 542, Lakeland, Florida 33801

Sale Price $260,000
Sale Type Investment
Sale Condition Sale Leaseback
Tenant Yes
Bldg Type Multi-Tenant
Class C
Status Existing
Year Built 1978
Stories 1
Cap Rate 9.23%
Gross Bldg 4,253 SqFt
Land Area .77 Acres
Parcel# 242814000000044040
This restaurant and retail property are currently fully leased to a restaurant operator that sub-leases the retail building. The restaurant currently operates as Larry’s Bar & Grill and has a 4.4 star rating with over 135 Google reviews. The retail building is currently utilized as a neighborhood market and is only open on Sunday’s. The reputation of this location provides the user for a great investment with a value-add opportunity.
5/16/2019 12:00:00 AM 5/16/2019 6:12:57 PM
Augie Schmidt
Sales Associate and Research Analyst
Coldwell Banker Commercial Saunders Ralston Dantzler Realty

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