119-121 Allamanda Dr 2,150 SF 100% Leased Retail Building Lakeland, FL 33803 $795,507 CAD ($370.00 CAD/SF) 7.65% Cap Rate

119-121 Allamanda Drive presents an opportunity to acquire a fully leased retail and office investment property in one of Lakeland's established commercial corridors. The single-story building is occupied by two operating tenants, providing in-place income and immediate cash flow. Zoned C-2 by the City of Lakeland, the property supports a broad range of commercial uses including retail, office, medical, restaurant, and service-oriented businesses, offering future flexibility for ownership strategies.
The asset benefits from its location just off South Florida Avenue near Southgate Shopping Center, a well-known retail destination serving surrounding residential neighborhoods and local businesses. This position provides convenient access to one of Lakeland's primary north-south commercial routes, helping support tenant visibility and customer accessibility. The surrounding area features a mix of retail, service providers, offices, and residential development that contribute to ongoing consumer activity and business demand.
The property's multi-tenant configuration creates diversification within a compact investment asset. Existing occupancy, dedicated parking, and commercial zoning combine to support both passive investment objectives and potential future owner-user considerations, subject to lease terms and market conditions. Lakeland's central Florida location between Tampa and Orlando further enhances regional accessibility for businesses serving customers throughout the Interstate 4 corridor.