3317 US Hwy 98 S

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3317 US Hwy 98 S

lakeland, FL 33812
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

3317 US Hwy 98 S is located along a primary commercial corridor in South Lakeland, Florida. The surrounding neighborhood is characterized by a mix of established professional services, retail centers, and residential communities. The property offers direct frontage on US Highway 98, providing high visibility and convenient access to the Polk Parkway (SR-570), which connects the site to Interstate 4 and the broader Tampa and Orlando markets. Local amenities within a two-mile radius include diverse dining options, financial institutions, and the Lakeland Highlands retail district. The asset is suited for professional office use, including medical practices, legal firms, or administrative headquarters. Due to its location in a high-traffic area with a growing residential base, the property is an ideal fit for service-oriented tenants requiring easy client accessibility and brand exposure. Typical occupants would include local businesses or regional entities seeking a central position between South Lakeland’s residential population and the city's primary transportation arteries.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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