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300 W Lime St 165,743 SF 4-Star Office Building Lakeland, FL 33815 For Sale
INVESTMENT HIGHLIGHTS
- Strong Tenant Credit: Gannet Company, Inc., a trusted and established tenant, anchors the property with secure income.
- Covered Land Play: Investors benefit from stable cash flow through the current lease while planning a transformative redevelopment.
- Development-Ready Potential: Immediate value-add development options, with PUD zoning that supports up to 2,975 units for future scalability.
- Growing Multifamily Market: Lakeland’s rising population and increasing demand for housing create a strong environment for multifamily success.
EXECUTIVE SUMMARY
The Property is a premier 17.11-acre site located in the heart of Lakeland, FL. It features a 181,720 SF industrial building net leased to Gannett Company, Inc. (GCI), a tenant with strong creditworthiness and a long-standing reputation in the region. Recently secured entitlements allow up to 174 units per acre - up to 2,975 total units.
This is a rare combination of immediate, stable cash flow and significant redevelopment upside.
Situated in Downtown Lakeland, the Property is strategically located near major attractions, including the RP Funding Center, retail hubs, and cultural landmarks. Its proximity to Interstate 4 makes it a critical midpoint between Tampa and Orlando, enhancing its appeal for both residents and businesses.
Lakeland is experiencing rapid population growth and a surge in multifamily demand, driven by its affordability and central location within Florida. The US Census Bureau shows the Lakeland MSA as the #2 fastest growing metropolitan area in the country. Polk County ranked #1 in Florida for net in-migration, and fourth in the nation. The conceptual designs and zoning flexibility provide a unique opportunity to capitalize on this growing market, positioning the Property as a flagship mixed-use or residential development site.
For additional information or to obtain an Offering Memorandum, please visit: www.gatewaylakeland.com
This is a rare combination of immediate, stable cash flow and significant redevelopment upside.
Situated in Downtown Lakeland, the Property is strategically located near major attractions, including the RP Funding Center, retail hubs, and cultural landmarks. Its proximity to Interstate 4 makes it a critical midpoint between Tampa and Orlando, enhancing its appeal for both residents and businesses.
Lakeland is experiencing rapid population growth and a surge in multifamily demand, driven by its affordability and central location within Florida. The US Census Bureau shows the Lakeland MSA as the #2 fastest growing metropolitan area in the country. Polk County ranked #1 in Florida for net in-migration, and fourth in the nation. The conceptual designs and zoning flexibility provide a unique opportunity to capitalize on this growing market, positioning the Property as a flagship mixed-use or residential development site.
For additional information or to obtain an Offering Memorandum, please visit: www.gatewaylakeland.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
165,743 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1997/2008
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
55,248 SF
Slab To Slab
15’
Building FAR
0.22
Lot Size
17.11 AC
Zoning
PUD - Planned Unit Development
Parking
300 Spaces (1.81 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Property Manager on Site
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 23-28-24-000000-011010 | Improvements Assessment | $25,513,504 CAD |
| Land Assessment | $2,885,714 CAD | Total Assessment | $28,399,218 CAD |
PROPERTY TAXES
Parcel Number
23-28-24-000000-011010
Land Assessment
$2,885,714 CAD
Improvements Assessment
$25,513,504 CAD
Total Assessment
$28,399,218 CAD
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300 W Lime St
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