Lakeland, FL 33815,1527 GEORGE JENKINS BLVD
Lakeland, FL 33815,1527 GEORGE JENKINS BLVD
Lakeland, FL 33815,1527 GEORGE JENKINS BLVD
Lakeland, FL 33815,1527 GEORGE JENKINS BLVD
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$665,000

$1,200,000

44.6%
Est.Price: ?

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Est. payment /mo

6,166 SqFt


SOLD DATE : 10/28/2021

Key Details

Sold Price $665,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 6,166 sqft

Price per Sqft $107

Subdivision Acreage

MLS Listing ID O5918533

Sold Date 10/28/21

Construction Status No Contingency

HOA Y/N No

Year Built 1950

Annual Tax Amount $6,561

Lot Size 1.920 Acres

Acres 1.92

Lot Dimensions 200x310

Property Description

MOTEL PORTFOLIO (2 Motels for Sale)
Great Investment Opportunity!
Owner users and Investors will love the occupancy rate of this property.
Located minutes from I-4, between Tampa and Orlando. Property enjoys exposure to major road (George Jenkins Blvd) with over 16,000 cars daily, and a short distance to Bonnet Springs Park with major construction under way
Property is to be sold as part of portfolio of two properties. Other property is Sonny's Motel, located in Haines City (35 Hwy 17-92 N, Haines City, FL 33844)

Price for both is $1.2M

Cap rate : 10%

Enjoy a steady revenue or redevelop both parcels, the options are limitless.

Location

State FL

County Polk

Community Acreage

Zoning C-2

Interior

Cooling Office Only, Wall/Window Unit(s)

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Structure Type Block

New Construction false

Construction Status No Contingency

Others

Ownership Corporation

Special Listing Condition None

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Stellar MLS
Listed by LA ROSA REALTY CW PROPERTIES L
Bought with REALTY ONE GROUP SKYLINE
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