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Commercial vacant 1.6 AC Dranefield Rd Reduced to $295,500 (SW Lakeland)
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COMMERCIAL VACANT 1.6 AC Dranefield Rd SW Lakeland
(See Special Reduced Offer price below.)
Zoned BPC 1 (Business Park Commercial) Parcel - 23-29-02-000000-033010
This is a very viable commercial property ready for development. Growth in this part of Florida has exploded, with hundreds of expensive single family and apartment homes. Hi traffic vacant commercial, BPC - 1 zoned, site on Corner Dranefield Road and Pipkin Creek Road. Next to Polk Parkway (I-4 corridor) with EZ access to Tampa & Orlando. The area has tremendous growth potential and is near an established trucking center. Now under construction is an 400 AC 800 + unit, multi use development next door!
There is a 100 ft easement running thru the entire length of the parcel and is unique in that the 100 ft power easement is cost effective, less expensive! NOTE - EASEMENT AREA is appraised at only 70% of the buildable property value!
On either side of the easement is buildable property averaging about 45 ft depth running the entire length of the easement. The easement can be used for non-building uses such as parking eg. boat or auto sales, temporary storage.
Working with Duke Power, the easement (which cannot be built upon) can be used for customer parking. On either side of the easement is 40-50 ft of buildable property.
A probable best use is as a customer service concept resembling a small strip center. Say, utilizing the “European Concept”of constructing two story 25 - 30 ft slot stores with proprietors living above their stores. Other uses to consider are mini warehouses, retail service center, boat or auto sales, etc.,.
2008 MAI appraisal suggests $6.00/SQ FT (buildable area) x 31,908 SQ FT = $191,000 and $4.20/SQ FT (Right of Way area) x 37,400 SQ FT = $157,000.
TOTAL MAI APPRAISED VALUE - $348,000 (Reduced to $295,800 discount of 15% for cash. Also, will discuss some owner financing. NOTE - EASEMENT AREA is appraised at 70% of the buildable property value!
COMPARABLES: (These are comparable used in the 2008 MAI Appraisal!
1- Dranefield LLC SE cor Dranefield Rd & Pipkin Rd S. $863.800 3.97AC $5.00/SQ FT
2 - R Jones Airport Commerce PTRS NW cor Dranefield Rd & Airport Rd $900,000 3.04AC $6.80/ SQ FT
3 - R Lewis Dranefield Rd Props of CFL, LLC SW cor Dranefield & Waring Rd $625,000 2.69AC $5.33/SQFT
4 - Dranefield LLC SW cor Dranefield Rd & Pipkin Rd S $274,000 1.29AC $4.89/SQFT
CURRENT LISTING!!
February 27, 2025. 2625 W. Pipkin Road Lakeland….$4,027,500 20.76 AC $4.45/SQFT
Prime development property with 699 LF of frontage on Pipkin Rd & 245 LF of frontage on Waring Rd. On the North side of Pipkin Rd (new divided 4 lane highway) just West of Waring Rd. Survey in attachments and larger survey available.
Tom show contact info